Gold Rises on Positive Global Cues

Posted By: Religare
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Gold futures were trading higher in the domestic market on Monday as speculators raised their bets amid a firm global trend.

Gold Rises on Positive Global Cues

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

At the MCX, gold futures for December 2017 contract is trading at Rs 29165 per 10 grams, up by 0.26 per cent, after opening at Rs 29200, against a previous close of Rs 29088. It touched the intra-day high of Rs 29220 (at 11:37 hours).

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