Gold is trading at Rs 29,768 per 10 grams as speculators raised bets, tracking a firming trend overseas.
Diwali is traditionally a time to indulge the Indian love of gold, but things have changed, according to Vikram Kabra, a gold jewellery dealer in the city. He says that sales of gold and silver are not encouraging this festive season. (Representational image)
New Delhi: Gold price rose Rs 41 to Rs 29,768 per 10 grams in futures trade on Tuesday as speculators raised bets, tracking a firming trend overseas.
Gold for delivery in April rose by Rs 41, or 0.14 per cent, to Rs 29,768 per 10 grams, in a business turnover of 43 lots.
Similarly, the metal for delivery in February was trading Rs 39, or 0.13 per cent, higher at Rs 29,791 per 10 grams in 508 lots.
Analysts said, speculators widened bets tracking a firm global trend as weakness in dollar boosted safe-haven demand, influencing gold prices at futures trade here.
Globally, gold inched up 0.08 per cent to USD 1,340.70 an ounce in Singapore.
( Source : PTI )
Next Story
