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Gold futures up Rs 167 on positive global cues

Press Trust of India  |  New Delhi 

Gold prices rose by Rs 167 to Rs 32,095 per 10 gram in futures trade Monday as speculators widened their bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 167, or 0.52 per cent, to Rs 32,095 per 10 gram, in a business turnover of 12,675 lots.

Similarly, the April rates of the edged higher by Rs 182, or 0.57 per cent, to Rs 32,220 per 10 gram with a business volume of 6,265 lots.

Analysts said raising of bets by participants, taking positive cues from global market, as weakness in dollar raised demand for the as a safe haven, mainly pushed up gold prices at futures trade here.

Globally, gold rose 0.11 per cent to trade at USD 1,228 an ounce in

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

First Published: Mon, January 14 2019. 12:25 IST