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  Business   Market  24 May 2018  Gold futures up 0.20 per cent on global cues

Gold futures up 0.20 per cent on global cues

PTI
Published : May 24, 2018, 11:14 am IST
Updated : May 24, 2018, 11:14 am IST

Rupee is trading at Rs 31,245 per 10 grams in futures trading as speculators expanded their bets.

Globally, gold rose by 0.14 per cent to USD 1,294.80 an ounce in Singapore.
 Globally, gold rose by 0.14 per cent to USD 1,294.80 an ounce in Singapore.

New Delhi: Tracking a firm trend overseas, gold prices advanced by 0.20 per cent to Rs 31,245 per 10 grams in futures trading as speculators expanded their bets.

At the Multi Commodity Exchange, gold for delivery in June month rose by Rs 62, or 0.20 per cent to Rs 31,245 per 10 grams in business turnover of 251 lots.

On similar lines, the yellow metal for delivery in far-month August contracts traded higher to Rs 31,520 per 10 grams in 15 lots.

Analysts said participants widened their positions in line with a firming trend overseas as the dollar extended losses after minutes of the latest Federal Reserve meeting hinted at a dovish approach to interest rate hikes in the US.

Globally, gold rose by 0.14 per cent to USD 1,294.80 an ounce in Singapore. 

Tags: gold, gold price
Location: India, Delhi, New Delhi