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Gold futures up Rs 29 on firm global cues

Tuesday, Oct 25, 2016,11:40 IST By Metrovaartha A A A

New Delhi | Gold prices rose Rs 29 to Rs 29,792 per 10 gram in futures trading today as participants widened bets, triggered by a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 29, or 0.10 per cent, to Rs 29,792 per 10 gram, in a business turnover of 229 lots.

Similarly, the yellow metal for delivery in far-month February 2017 traded higher by Rs 25, or 0.08 per cent, to Rs 29,825 per 10 gram in seven lots.

Analysts said expanding of positions by participants, tracking a firming trend in the global market mainly influenced the precious metal prices at futures trade.
Globally, gold rose 0.15 per cent to USD 1,266.30 an ounce in Singapore today.