Gold futures rise on positive overseas trend
28/12/2017
28/12/2017 12:25
Gold prices went up in the domestic market on Thursday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets.
Market analysts attributed the rise in prices to a firm trend in global market where the commodity advanced as the USD declined, boosting demand for the metal as an alternative asset.
At the MCX, gold futures for February 2018 contract is trading at Rs 29042 per 10 grams, up by 0.35 per cent, after opening at Rs 28970, against a previous close of Rs 28942. It touched the intra-day high of Rs 29076 (at 12:30 hours).
28/12/2017
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Gold futures rise on positive overseas trend28/12/2017 12:25
Gold prices went up in the domestic market on Thursday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets.
Market analysts attributed the rise in prices to a firm trend in global market where the commodity advanced as the USD declined, boosting demand for the metal as an alternative asset.
At the MCX, gold futures for February 2018 contract is trading at Rs 29042 per 10 grams, up by 0.35 per cent, after opening at Rs 28970, against a previous close of Rs 28942. It touched the intra-day high of Rs 29076 (at 12:30 hours).
