Gold futures up Rs 45 as participants create position
Gold prices rose by Rs 45 to Rs 32,186 per 10 gram in futures trade Tuesday as speculators widened their bets tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 45, or 0.14 per cent, at Rs 32,186 per 10 gram with a business turnover of 12,305 lots.
Similarly, the April rate of the precious metal was up by Rs 20, or 0.06 per cent, at Rs 32,290 per 10 gram with a business volume of 7,175 lots.
Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal as a safe haven, mainly pushed up gold prices at futures trade here.
Globally, gold rose 0.09 per cent to trade at USD 1,290.31 an ounce in Singapore.
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