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Gold futures rise 0.26% on firm global cues

Press Trust of India  |  New Delhi 

Gold prices rose 0.26% to Rs 29,465 per 10 grams in futures trading today as speculators raised bets, tracking firm trend overseas.

Gold for delivery in February was trading Rs 75, or 0.26 per cent, higher at Rs 29,465 per 10 grams, in a business turnover of 376 lots.

Similarly, the for delivery in April was also trading higher by Rs 56, or 0.19 per cent, at Rs 29,430 per 10 grams in 34 lots.

Analysts said speculators widened bets tracking a firming global trend as the weakness in dollar boosted demand for the precious metals as a safe haven.

Globally, gold inched up 0.54 per cent to USD 1,329.10 an ounce in

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

First Published: Fri, January 12 2018. 11:05 IST