 "Gold futures up 0.83% on global cues")
Image via Shutterstock
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 239, or 0.83 per cent, to Rs 28,650 per ten grams in a business turnover of 91 lots.
February gold added Rs 207, or 0.71 per cent, to Rs 29,117 per ten grams in 3,919 lots.
Analysts said speculators created fresh positions, tracking a firm global trend as the dollar extended its decline and investors assessed whether the Federal Reserve will pare stimulus after hints of a reduction from policy makers, mainly influenced gold prices at futures trade.
Meanwhile, gold advanced 0.6 per cent to $1,247.40 an ounce in Singapore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%