Gold rose Rs 21 to Rs 27,097 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 Rs 21 to Rs 27,097 per 10 grams in futures trading on October 23 as speculators widened bets, tracking a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in far-month February next year edged higher by Rs 21, or 0.08 per cent, to Rs 27,097 per 10 grams, in a business turnover of three lots.
Similarly, the metal for delivery in December was also trading higher by Rs 20, or 0.07 per cent, to Rs 26,865 per 10 grams in 175 lots. Market analysts said speculators enlarged their bets on the back of a firming global trend as investors eyed the upcoming Fed meeting for clues on timing of a US interest rate hike. Globally, gold increased as much as 0.3 per cent to USD 1,169.40 an ounce in Singapore.
( Source : PTI )
Next Story