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Last Updated : May 11, 2016 11:12 AM IST | Source: PTI

Gold futures up Rs 167 on firm global cues

At the Multi Commodity Exchange, gold for delivery in June was trading higher by Rs 167, or 0.56 percent, to Rs 29,950 per 10 grams, in a business turnover of 202 lots.


Gold prices rose Rs 167 to Rs 29,950 per 10 grams in futures trading today as participants widened bets, triggered by a firming trend overseas.


At the Multi Commodity Exchange, gold for delivery in June was trading higher by Rs 167, or 0.56 percent, to Rs 29,950 per 10 grams, in a business turnover of 202 lots.


Similarly, the yellow metal for delivery in far-month August traded higher by Rs 109, or 0.36 percent, to Rs 30,100 per 10 grams in three lots.

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Analysts said a firming trend in the global market where gold climbed for a second day as assets in bullion-backed funds rose to their highest since December 2013 and Goldman Sachs Group Inc raised its price forecasts mainly influenced the precious metal prices at futures trade.


Globally, gold rose 0.3 percent to USD 1,269.40 an ounce in Singapore today.



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First Published on May 11, 2016 11:04 am
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