Gold futures rise on positive global cues
14/12/2017
Gold futures rise on positive global cues
14/12/2017 13:20
Gold futures were up in the domestic market on Thursday as speculators built up fresh positions tracking a firm trend overseas.
Analysts said, fresh positions created by participants in line with a firm trend overseas where gold inched up as the dollar was nearly unchanged after tumbling in the previous session following the US Federal Reserve's widely expected decision to raise interest rates, mainly influenced gold prices at the futures trade.
At the MCX, gold futures for February 2018 contract is trading at Rs 28383 per 10 grams, up by 0.67 per cent, after opening at Rs 28365, against a previous close of Rs 28195. It touched the intra-day high of Rs 28429 (at 11:57 hours).
14/12/2017
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Gold futures rise on positive global cues
14/12/2017 13:20
Gold futures were up in the domestic market on Thursday as speculators built up fresh positions tracking a firm trend overseas.
Analysts said, fresh positions created by participants in line with a firm trend overseas where gold inched up as the dollar was nearly unchanged after tumbling in the previous session following the US Federal Reserve's widely expected decision to raise interest rates, mainly influenced gold prices at the futures trade.
At the MCX, gold futures for February 2018 contract is trading at Rs 28383 per 10 grams, up by 0.67 per cent, after opening at Rs 28365, against a previous close of Rs 28195. It touched the intra-day high of Rs 28429 (at 11:57 hours).
