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Gold futures gain 0.20% on positive global cues

Press Trust of India  |  New Delhi 

Gold prices went up by 0.20 per cent to Rs 30,622 per 10 grams in futures trade today as speculators built up fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in August moved up by Rs 62, or 0.20 per cent, to Rs 30,622 per ten grams in a business turnover of 167 lots.

Similarly, the for delivery in October was trading higher Rs 38, or 0.12 per cent, at Rs 30,900 per ten grams in 5 lots.

Market analysts said fresh positions created by traders were in sync with a firm global trend, as the dollar hovered close to a 3.5-week low after US jobs data showed an increase in the unemployment rate and slower wage growth, influencing gold prices at futures trade here.

Globally, gold rose 0.33 per cent to USD 1,258.70 an ounce in

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

First Published: Mon, July 09 2018. 10:50 IST