You are here: Home » PTI Stories » National » News
Business Standard

Gold futures climb Rs 23 on global cues

Press Trust of India  |  New Delhi 

Gold prices were up by Rs 23 to Rs 30,795 per 10 gram in futures trade as speculators raised their bets, tracking a firm trend in global market.

In futures trade at the Multi Commodity Exchange, gold for delivery in October rose by Rs 23 or 0.07 per cent to Rs 30,795 per 10 gram in a business turnover of 4 lots.

Also, the precious metal for delivery in December was trading higher by Rs 14 or 0.05 per cent to Rs 30,950 per ten gram in four lots.

Analysts said building up of positions by participants following rising gold prices in the global market helped the precious metal to trade higher at futures trade here.

Globally, the metal's rates advanced as much as 0.39 per cent to USD 1,313.60 an ounce in New York yesterday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, September 02 2016. 11:28 IST