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Gold futures up Rs 61 on global cues

by September 29, 2016 General

Gold is trading at Rs 31,016 per 10 gram.

New Delhi: Gold futures rose by Rs 61 to Rs 31,016 per 10 gram in futures trading on September 29 as speculators widened positions, tracking a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 61, or 0.20 per cent, to Rs 31,016 per 10 gram, in a business turnover of 323 lots.

Similarly, the metal for delivery in far-month December rose by Rs 57, or 0.18 per cent, to Rs 31,095 per 10 gram in 167 lots.

Market analysts said speculators enlarged their positions on the back of a firming global trend in the precious metals and other commodities on weakening dollar, influenced gold futures.

Globally, gold climbed as much as 0.26 per cent to USD 1,324.90 an ounce in Singapore.