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Gold futures rise on positive cues

Press Trust of India  |  New Delhi 

Gold prices rose 0.17 per cent to Rs 37,986 per 10 gram in futures trade on Tuesday as speculators widened their bets, tracking a firm trend overseas.

On the Multi Commodity Exchange, gold for delivery for December contracts traded higher by Rs 37,986, or 0.17 per cent, to Rs 64 per 10 gram in a business turnover of 16,393 lots.

The yellow metal contracts for the February delivery traded up by Rs 51, or 0.13 per cent, to Rs 38,190 per 10 gram in a business turnover of 4,650 lots.

Analysts said the rise in gold prices was mostly on the back of fresh positions built up by the participants taking positive cues from global markets.

Globally, gold prices rose 0.13 per cent to USD 1,495.20 an ounce in New York.

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

First Published: Tue, October 29 2019. 14:10 IST