Gold & Silver

Gold futures up Rs 45 as participants create position

PTI New Delhi | Updated on January 15, 2019

Gold prices rose by Rs 45 to Rs 32,186 per 10 gram in futures trade on Tuesday as speculators widened their bets tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 45, or 0.14 per cent, at Rs 32,186 per 10 gram with a business turnover of 12,305 lots. Similarly, the April rate of the precious metal was up by Rs 20, or 0.06 per cent, at Rs 32,290 per 10 gram with a business volume of 7,175 lots.

Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal as a safe haven, mainly pushed up gold prices at futures trade here. Globally, gold rose 0.09 per cent to trade at $ 1,290.31 an ounce in Singapore.

Published on January 15, 2019

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