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Gold futures rise 0.36 per cent on global cues

Asian Age 2018-04-16 11:25:00

New Delhi: Gold prices rose by 0.36 per cent to Rs 31,230 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in June rose by Rs 112, or 0.36 per cent, to Rs 31,2130 per 10 gram in a business turnover of 404 lots.

Likewise, the yellow metal for delivery in far-month August moved up by Rs 108, or 0.35 per cent, to Rs 31,391 per 10 gram in six lots.

Analysts said fresh positions built up by traders in line with a firm trend overseas influenced gold prices at futures trade here.

Globally, gold rose 0.05 per cent to USD 1,346.10 an ounce in Singapore on Monday.