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PSU MARKET

Gold futures rise to Rupee 32,109 on firm global cues

Staff reporter, New Delhi
10/01/2019   0 Comments

Gold prices rose by Rs 108 to Rs 32,109 per 10 grams in futures trade Thursday 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 108, or 0.34 per cent, to Rs 32,109 per 10 grams, in a business turnover of 15,159 lots. Similarly, the March rates for the precious metal were up by Rs 119, or 0.37 per cent, to Rs 32,194 per 10 grams with a business volume of 4,505 lots. Analysts said raising of bets by participants taking positive cues from the global market mainly pushed up gold prices. Weakness in dollar raised safe-haven demand for the precious metal. Globally, gold rose 0.53 per cent to trade at USD 1,296.17 an ounce in Singapore.

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