October 17, 2016 11:53:34 am
Gold prices were up by Rs 34 to Rs 29,690 per 10 gram in futures trade on Monday as speculators created positions amid positive cues from the global market. At the Multi Commodity Exchange, gold for delivery in December was up by Rs 34, or 0.11 per cent, to Rs 29,690 per 10 gram, in a business turnover of 682 lots.
The metal for delivery in far-month February next year was trading higher by Rs 33, or 0.11 per cent, to Rs 29,790 per 10 gram, in a turnover of seven lots.
Analysts said fresh positions built up by participants, tracking a firm trend in global market, influenced the precious metal in futures trade.
Meanwhile, gold rose 0.24 per cent to USD 1,253.90 an ounce in Singapore today.
Subscriber Only Stories
📣 Join our Telegram channel ( The Indian Express ) for the latest news and updates
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.