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Business Market 08 Aug 2018 Gold futures rise 0.25 per cent on global cues

Business, Market

Gold futures rise 0.25 per cent on global cues

PTI

Published : Aug 8, 2018, 11:14 am IST

Updated : Aug 8, 2018, 11:14 am IST

Gold is trading at Rs 29,670 per 10 grams as speculators raised bets amid a firm global trend.

New Delhi: Gold prices went up by 0.25 per cent to Rs 29,670 per 10 grams in futures trading on Wednesday as speculators raised bets amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in October month moved up by Rs 73, or 0.25 per cent to Rs 29,670 per 10 grams in business turnover of 495 lots.

On similar lines, the yellow metal for delivery in December contracts gained Rs 42, or 0.14 per cent to Rs 29,900 per 10 grams in just 1 lot.

Market analysts attributed the rise in gold prices in futures trade to a firm trend overseas as the US dollar softened against China's yuan and the euro.

Meanwhile, gold rose 0.32 per cent to USD 1214.40 an ounce in Singapore on Wednesday.

Tags: gold, gold price

Location: India, Delhi, New Delhi

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