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Gold futures up Rs 39 on firm global cues

by August 28, 2017 General

Gold prices rose by Rs 39 to Rs 29,206 per 10 grams in futures trade today on speculative buying amid a firming global trend.

At the Multi Commodity Exchange, the October contract of the metal rose by Rs 39 or 0.13 per cent to Rs 29,206 per 10 grams in a business turnover of 713 lots.

The far-month December contract was trading higher by Rs 28 or 0.10 per cent to Rs 29,315 per 10 grams in 2 lots.

Analysts said a firming trend in as a weaker dollar boosted demand for the safe-haven investment, influenced gold at futures trade here.

Globally, gold surged 0.23 per cent to USD 1,293.80 an ounce in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)