Gold futures rise Rs 57 on global cues

Tuesday, Sep 20, 2016,14:30 IST By metrovaartha A A A

New Delhi | Gold prices rose by Rs 57 to Rs 30,960 per 10 gram in futures trade Tuesday as speculators created fresh positions, taking positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 57, or 0.18 per cent, to Rs 30,960 per 10 gram, in a business turnover of 525 lots.

The metal for delivery in far-month December moved up Rs 38, or 0.12 per cent, to Rs 31,076 per 10 gram in a turnover of 82 lots.

Market analysts said a firming trend in overseas market where gold rose for a second day amid speculation that Federal Reserve policy makers will again stay their hand on an interest rate increase, raising demand for the precious metals, influenced gold futures.

Meanwhile, gold climbed as much as 0.24 per cent to USD 1,316 an ounce in Singapore on Tuesday.

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