Gold & Silver

Gold futures rise to Rs 30,439 per 10 gm

PTI New Delhi | Updated on March 12, 2018 Published on October 29, 2013

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Tracking a firm trend overseas and rising demand in the domestic spot market, gold futures prices rose 0.46 per cent to Rs 30,439 per 10 gram today.

On the Multi Commodity Exchange, gold for delivery in far-month February gained Rs 138 or 0.46 per cent to Rs 30,439 per ten gram in a turnover of 34 lots.

Similarly, the metal for delivery in December edged higher by Rs 112 or 0.36 per cent to Rs 30,870 per 10 gram clocking a business volume of 893 lots.

Analysts said that the rise in gold prices was mostly attributed to a firm trend overseas after US economic data backed the case for the Federal Reserve to maintain stimulus.

Besides, ongoing festive and wedding season demand at the domestic market supported the uptrend.

Globally, the yellow metal climbed 0.6 per cent to trade at a five-week high of $1,360.76 an ounce in Singapore today.

Published on October 29, 2013
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