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Gold Futures Up on Spot Demand

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Gold prices rose 0.08 per cent at Rs 31,938 per 10 gram in futures trade Monday as traders raised bets amid positive cues from domestic markets.

Gold to be delivered by June contracts was trading higher by Rs 27, or 0.08 per cent, at Rs 31,938 per 10 gram in a business turnover of 13,053 lots at the Multi Commodity Exchange.

Similarly, the metal for delivery in August contracts also gained Rs 10, or 0.03 per cent, to Rs 32,090 per 10 gram in 3,614 lots. Analysts attributed the rise in the precious metal to widening of positions by participants in line with a firm trend in the domestic markets.

Analysts attributed the rise in the precious metal to widening of positions by participants in line with a firm trend in the domestic markets.

Courtesy: Economic Times

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