Gold rose by Rs 35 to Rs 26,849 per 10 grams in futures trading
Two straight years of drought in India - for only the fourth time in over a century - have hit gold demand in the country (Photo: AP)
New Delhi: Gold rose by Rs 35 to Rs 26,849 per 10 grams in futures trading on August 31 as speculators enlarged positions. At the Multi Commodity Exchange, gold for delivery in December rose by Rs 35 or 0.13 per cent to Rs 26,849 per 10 grams in a business turnover of 13 lots.
Similarly, the yellow metal for delivery in October moved up by Rs 33 or 0.12 per cent to Rs 26,656 per 10 grams in 744 lots. Market analysts said speculators enlarged their positions on the back of a firming global trend, supporting the upside in gold prices in futures trade. Globally, gold traded higher at USD 1,134.33 an ounce in Singapore from USD 1,133.55 on Friday.
( Source : PTI )
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