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Gold futures gain 0.40% on positive global cues

Press Trust of India  |  New Delhi 

Gold prices went up by 0.40 per cent to Rs 30,498 per 10 grams in futures trade today as speculators built up fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 121, or 0.40 per cent, to Rs 30,498 per ten grams in a business turnover of 292 lots.

Similarly, the for delivery in June contracts was trading higher by Rs 109, or 0.36 per cent, to Rs 30,655 per ten grams in 11 lots.

Analysts said fresh positions created by participants in tandem with a firm trend overseas on a weaker dollar following US Rex Tillerson's sudden dismissal and after consumer price data pointed towards a path of gradual hikes in US interest rates influenced gold prices at futures trade.

Globally, gold rose 0.11 per cent to USD 1,327.30 an ounce in

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

First Published: Wed, March 14 2018. 10:30 IST