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Gold futures climb Rs 182 on global cues

Press Trust of India  |  New Delhi 

Gold prices spurted by Rs 182 to Rs 29,165 per 10 grams in futures trade today as speculators widened their bets amid positive global cues.

The exchange remained closed for the morning session on account of 'Mahavir Jayanti'.

At Multi Commodity Exchange, gold for delivery in June was trading Rs 182 or 0.63 per cent higher at Rs 9,165 per 10 grams in business turnover of 1,387 lots.

The metal for delivery in far-month August also moved up by Rs 172, or 0.59 per cent, to trade at Rs 29,384 per 10 gram in a turnover of 49 lots.

Analysts said fresh positions created by participants following a better trend in global markets supported the upside in gold futures here.

Meanwhile, gold traded 1.01 per cent higher at USD 1,245 an ounce in London today.

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First Published: Tue, April 19 2016. 18:32 IST