Gold futures remain up on positive global cues

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New Delhi | Published: September 30, 2016 6:49:10 PM

Gold prices edged higher by 0.06 per cent to Rs 31,185 per 10 grams in futures trading today as speculators widened their bets, tracking a firming trend overseas.

Gold, Gold prices, Silver prices, Silver, Bullion marketAmid a weakening global trend, gold futures today traded lower by Rs 148 at Rs 31,180 per 10 gram as speculators trimmed their positions. (Reuters)

Gold prices edged higher by 0.06 per cent to Rs 31,185 per 10 grams in futures trading today as speculators widened their bets, tracking a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in October gained Rs 20, or 0.06 per cent to Rs 31,185 per 10 grams in business turnover of 4,247 lots.

Similarly, the yellow metal for delivery in far-month December contracts edged up by Rs 3, or 0.01 per cent to Rs 31,265 per 10 grams in 3,531 lots.

Marketmen said sentiment buoyed after gold gained in global markets as rising investor anxiety over Deutsche Bank AG’s finances spurred a sell-off in equities, which helped underpin demand for the safe haven of gold.

Meanwhile, gold rose 0.5 per cent to USD 1,326.34 an ounce in London.

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