Gold futures up by Rs 72 on firm global cues

Image
Press Trust of India New Delhi
Last Updated : Mar 17 2017 | 11:32 AM IST
Gold prices rose by Rs 72 to Rs 28,555 per 10 grams in futures trading today as speculators enlarged their positions amid a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month June was trading higher by Rs 72 or 0.25 per cent to Rs 28,555 per 10 grams in a business turnover of 4 lots.
Similarly, the yellow metal for delivery in April up Rs 66 or 0.23 per cent to Rs 28,477 per 10 grams in 374 lots.
Analysts said a firming trend in the global markets where gold after the US Federal Reserve signaled a cautious stance on interest rate policy this year, pushing the dollar to its lowest in a month, raising demand for the precious metals as a safe haven, influenced metal futures here.
Globally, gold rose as much as 0.50 per cent to USD 1,225.80 an ounce in New York yesterday.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Mar 17 2017 | 11:32 AM IST

Next Story