Gold climbs Rs 39 on positive global cues

Tuesday, Nov 22, 2016,11:47 IST By Metrovaartha A A A

New Delhi | Gold prices were up by Rs 39 to Rs 29,174 per 10 grams in futures trade today as speculators raised their bets amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 39, or 0.13 per cent, to Rs 29,174 per 10 grams in a business turnover of 291 lots.

The yellow metal for delivery in February next year gained Rs 35, or 0.12 per cent, to Rs 29,160 per 10 gm in 19 lots.

Market analysts attributed the rise in gold prices at futures trade to a better trend in global market where it advanced from the lowest since February as the dollar declined, boosting demand for the metal as an alternative asset.

Meanwhile, gold was trading 0.25 per cent higher at USD 1,217.26 an ounce in Singapore.