Gold soars Rs 241 on positive global cues

Image
Press Trust of India New Delhi
Last Updated : Sep 04 2017 | 11:02 AM IST
Gold prices went up by a whopping Rs 241 at Rs 30,064 per 10 grams in futures trade today after speculators raised bets, tracking a firming global trend.
At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 241, or 0.81 per cent, to Rs 30,064 per 10 grams, in a business turnover of 804 lots.
The yellow metal for delivery in far-month December too rallied by Rs 225, or 0.75 per cent, to Rs 30,213 per 10 grams in 13 lots.
Analysts attributed the rise in gold prices at futures trade here to a firming trend overseas where it hit 10-month high on escalating geopolitical tensions after North Korea's latest nuclear test drove investors towards the safe-haven assets.
Meanwhile, gold was trading 0.71 per cent higher at USD 1,333.80 an ounce in Singapore.

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: Sep 04 2017 | 11:02 AM IST

Next Story