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Gold futures up Rs 80 as participants create position

Press Trust of India  |  New Delhi 

Gold prices rose by Rs 80 to Rs 31,155 per 10 gram in futures trading Thursday as speculators widened their bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 80, or 0.26 per cent, to Rs 31,155 per 10 gram, in a business turnover of 13,299 lots.

Similarly, the February rates of the was up by Rs 75, or 0.24 per cent, to Rs 31,150 per 10 gram with a business volume of 13,296 lots.

Analysts said raising of bets by participants, taking positive cues from global markets as dollar might decline over renewed concerns of slowdown in economic growth pushed up gold prices at futures trade here.

In the international markets the gold prices were trading higher by 0.15 per cent at USD 1,244.4 5 per ounce.

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

First Published: Thu, December 06 2018. 14:20 IST