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Gold futures rise 0.25 pc on global cues

Press Trust of India  |  New Delhi 

Gold prices went up by 0.25 per cent to Rs 29,670 per 10 grams in futures trading today as speculators raised bets amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in October month moved up by Rs 73, or 0.25 per cent to Rs 29,670 per 10 grams in business turnover of 495 lots.

On similar lines, the for delivery in December contracts gained Rs 42, or 0.14 per cent to Rs 29,900 per 10 grams in just 1 lot.

Market analysts attributed the rise in gold prices in futures trade to a firm trend overseas as the US dollar softened against China's yuan and the euro.

Meanwhile, gold rose 0.32 per cent to USD 1214.40 an ounce in today.

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

First Published: Wed, August 08 2018. 11:06 IST