Comments
Gold prices moved up by 0.14 per cent to ₹ 30,492 per 10 grams at the futures trade as speculators raised their bets owing to a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in April rose Rs 44 or 0.14 per cent to ₹ 30,492 per ten grams in a business turnover of 292 lots. Likewise, the metal for delivery in June was trading higher by ₹ 36 or 0.12 per cent at ₹ 30,585 per ten grams in 14 lots.
Analysts said widening of positions by participants due to a firm trend in the global markets, as the dollar remained pressured amid fears of a global trade war following US President Donald Trump’s decision to impose tariffs on imports of aluminium and steel, influenced gold prices at the futures trade here.
Globally, gold rose 0.28 per cent to $1,326.30 an ounce in Singapore today.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.