Connect with us

Daily News

Gold futures up by Rs 80 on firm global cues



New Delhi, January 21, 2019: Gold prices went up by Rs 80 to Rs 32,171 per 10 gram in futures trade Monday as participants built up fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in February rose by Rs 80, or 0.25 per cent, to Rs 32,171 per 10 gram in a business turnover of 674 lots.

Likewise, the yellow metal for delivery in April moved up by Rs 66, or 0.20 per cent, to Rs 32,290 per 10 gram in 140 lots. 
Analysts said fresh positions built up by traders in line with a firm trend overseas on expectations that the US Federal Reserve will pause its multi-year interest rate hike cycle, influenced gold futures.


Globally, gold rose 0.10 per cent to USD 1,282.31 an ounce in Singapore, while US gold futures were steady at USD 1,282 an ounce.

(Retail Jeweller will be hosting their 6th edition of Retail Jeweller India Forum on February 9, 2019 at Sofitel BKC, Mumbai.  Register yourself today to be part of the exciting knowledge-based event, which will have renowned speakers sharing their rich insights on this year’s theme ‘Innovate to Win’. For more information and to register, login on to retailjewellerindiaforum.com).

Courtesy: PTI

Latest News