1. Gold futures rise 0.33% on global cues

Gold futures rise 0.33% on global cues

Gold prices rose by 0.33 per cent to Rs 28,085 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas.

By: | Published: May 16, 2017 1:40 PM
At the Multi Commodity Exchange, gold for delivery in June rose by Rs 93, or 0.33 per cent, to Rs 28,085 per 10 gram, in a business turnover of 346 lots.

Gold prices rose by 0.33 per cent to Rs 28,085 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in June rose by Rs 93, or 0.33 per cent, to Rs 28,085 per 10 gram, in a business turnover of 346 lots.

Likewise, the yellow metal for delivery in far-month August moved up by Rs 91, or 0.32 per cent, to Rs 28,280 per 10 gram in 9 lots. Analysts said fresh positions built up by traders in line with a firm global trend where gold strengthened as a worldwide cyber attack fuelled demand for safe-haven assets, influenced the sentiment.

Globally, gold rose 0.25 per cent to USD 1,233.50 an ounce in Singapore.

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