 "Gold futures up by 0.9% on positive global cues")
Gold regained Rs 30,000-mark by surging Rs 258 to Rs 30,008 per 10 grams in futures trading today as speculators widened their bets amid a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month June spurted Rs 258, or 0.87%, to Rs 30,008 per 10 grams, in a business turnover of 40 lots.
Similarly, the yellow metal for delivery in April traded higher by Rs 277, or 0.94%, to Rs 29,790 per 10 grams in 888 lots.
Globally, gold rose 0.7% to $1,247.78 an ounce in Singapore.
The precious metal had climbed 11% in February, the biggest monthly increase since January 2012.
At the Multi Commodity Exchange, gold for delivery in far-month June spurted Rs 258, or 0.87%, to Rs 30,008 per 10 grams, in a business turnover of 40 lots.
Similarly, the yellow metal for delivery in April traded higher by Rs 277, or 0.94%, to Rs 29,790 per 10 grams in 888 lots.
Also Read
Analysts said a firming trend in the global markets as data showed Chinese manufacturing contracted for a record seventh month, boosting demand for a safe-haven, influenced gold futures.
Globally, gold rose 0.7% to $1,247.78 an ounce in Singapore.
The precious metal had climbed 11% in February, the biggest monthly increase since January 2012.
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%