Comments
Gold prices rose by Rs 88 to Rs 31,896 per 10 gram in futures trade on Friday as speculators widened their bets tracking a firm trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in April was trading higher by Rs 88, or 0.28 per cent, to Rs 31,896 per 10 gram, in a business turnover of 9,063 lots.
Similarly, the rate for June was up by Rs 87, or 0.27 per cent, to Rs 32,135 per 10 gram with a business volume of 10,627 lots.
Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal, mainly pushed up gold prices at futures trade here.
Globally, gold rose 0.65 per cent to trade at $1,301.79 an ounce in Singapore.
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.