Gold Goes Up on Positive Global Cues

Posted By: Religare
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Gold futures were trading higher during the afternoon trade in the domestic market on Tuesday after speculators raised bets, driven by a firming global trend.

Gold Goes Up on Positive Global Cues

Analysts attributed the rise in gold prices at futures trade here to raising of bets by investors tracking a firming trend overseas where it recorded biggest intra-day rise of 1 per cent since September 7 on geopolitical tensions over the Korean peninsula.

At the MCX, gold futures for October 2017 contract is trading at Rs 30081 per 10 grams, up by 0.14 per cent, after opening at Rs 30100, against a previous close of Rs 30039. It touched the intra-day high of Rs 30169 (at 12:54 hours).

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