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Business News/ Markets / Commodities/  Gold futures surge 147 on firm global cues
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Gold futures surge ₹147 on firm global cues

Multi Commodity Exchange, gold for delivery in April was trading higher by ₹147
  • Globally, gold rose 0.39% to trade at $1,323.29 an ounce in Singapore
  •  (Reuters )Premium
    (Reuters )

    New Delhi: Gold prices went up by 147 to 33,531 per 10 gram in futures trade Monday as speculators widened their bets tracking a firm trend overseas.

    At the Multi Commodity Exchange, gold for delivery in April was trading higher by 147, or 0.44%, at 33,531 per 10 gram in a business turnover of 16,643 lots.

    Similarly, gold for June was up by 149, or 0.44%, to 33,728 per 10 gram with a business volume of 6,199 lots.

    Analysts said built up of positions by participants on positive cues from global market raised demand for the precious metal as a safe haven and pushed up gold prices at futures trade here.

    Globally, gold rose 0.39% to trade at $1,323.29 an ounce in Singapore.

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    This story has been published from a wire agency feed without modifications to the text.

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    Published: 18 Feb 2019, 05:37 PM IST
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