Gold futures gain on global cues
03/01/2018
03/01/2018 16:23
Gold prices edged higher in futures trading on Wednesday as speculators raised bets, tracking a firming trend overseas.
Analysts said speculators widening of positions by participants on the back of a firm global trend where gold inches up to hit 3 and a half month highs on weaker dollar, mainly influenced sentiment here.
At the MCX, gold futures for February 2018 contract is trading at Rs 29220 per 10 grams, up by 0.20 per cent, after opening at Rs 29193, against a previous close of Rs 29162. It touched the intra-day high of Rs 29230 (at 16:28 hours).
03/01/2018
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Gold futures gain on global cues03/01/2018 16:23
Gold prices edged higher in futures trading on Wednesday as speculators raised bets, tracking a firming trend overseas.
Analysts said speculators widening of positions by participants on the back of a firm global trend where gold inches up to hit 3 and a half month highs on weaker dollar, mainly influenced sentiment here.
At the MCX, gold futures for February 2018 contract is trading at Rs 29220 per 10 grams, up by 0.20 per cent, after opening at Rs 29193, against a previous close of Rs 29162. It touched the intra-day high of Rs 29230 (at 16:28 hours).