Business Market 18 Jul 2017 Gold surges Rs 135 i ...

Gold surges Rs 135 in futures trade on global cues    

PTI
Published Jul 18, 2017, 11:27 am IST
Updated Jul 18, 2017, 11:27 am IST
Analysts said rise in global market prices after US dollar slipped against a basket of major currencies, raised demand for gold.
Gold prices were up by Rs 135 to Rs 28,328 per ten gram in futures trade on Tuesday.
 Gold prices were up by Rs 135 to Rs 28,328 per ten gram in futures trade on Tuesday.

New Delhi: Gold prices were up by Rs 135 to Rs 28,328 per ten gram in futures trade on Tuesday as speculators took fresh positions on positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in far-month October was up Rs 135, or 0.48 per cent, at Rs 28,328 per ten gram in a business turnover of 193 lots.

 

The metal for delivery in August contract was also trading higher by Rs 121, or 0.43 per cent, at Rs 28,117 per ten gram in a turnover of 8,854 lots.

Analysts said the rise in global market prices as the US dollar slipped against a basket of major currencies after recent soft US inflation, raised demand for the precious metals as a safe haven, influenced the precious metal prices in futures trade here.

Globally, gold was trading 0.31 per cent higher at USD 1,237.88 an ounce in Singapore today.

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