Gold futures gain by 0.8% on global trend
Gold surged for a fourth day as investors sought precious metals as safe-haven assets
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Continuing its upward journey, gold prices rose by another Rs 260 to Rs 32,040 per 10 gram in futures trade today as participants created more bets amid a firm global trend.
At the Multi Commodity Exchange, gold for delivery in far-month October was trading higher by Rs 260 or 0.82% to trade at Rs 32,040 per 10 gram in a business turnover 102 lots.
In a similar fashion, the yellow metal for delivery in August shot up by Rs 249 or 0.79% to Rs 31,712 per 10 gm in 922 lots.
Analysts attributed persistent rise in gold prices at futures trade to a firming trend overseas where gold surged for a fourth day as investors sought precious metals as safe-haven assets.
Meanwhile, gold climbed 1.2% to $1,357.63 an ounce in Singapore, near the highest level in over two years.
At the Multi Commodity Exchange, gold for delivery in far-month October was trading higher by Rs 260 or 0.82% to trade at Rs 32,040 per 10 gram in a business turnover 102 lots.
In a similar fashion, the yellow metal for delivery in August shot up by Rs 249 or 0.79% to Rs 31,712 per 10 gm in 922 lots.
Analysts attributed persistent rise in gold prices at futures trade to a firming trend overseas where gold surged for a fourth day as investors sought precious metals as safe-haven assets.
Meanwhile, gold climbed 1.2% to $1,357.63 an ounce in Singapore, near the highest level in over two years.
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First Published: Jul 04 2016 | 11:28 AM IST