Gold futures up Rs 115 on positive global cues quoting : "Business Line"

Gold prices moved up by Rs 100 to Rs 29,650 per 10 grams at the bullion market today, tracking a firm trend overseas and increased buying by local jewellers. Following gold, silver ready traded higher by Rs 250 to Rs 42,450 per kg and weekly-based delivery recaptured the Rs 42,000-mark by surging Rs 405 to Rs 42,105 per kg. In the national capital, gold of 99.9 and 99.5 per cent purity climbed by Rs 100 each to Rs 29,650 and Rs 29,500 per 10 grams respectively. Silver coins, however, remained unaltered at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces. Silver also gained Rs 250 at Rs 42,450 per kg on increased offtake by industrial units and coin makers.


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Gold futures up Rs 115 on positive global cues
Gold prices surged by Rs 115 to Rs 29,009 per 10 grams in futures trading today as speculators widened their bets amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in far-month June spurted Rs 115, or 0.40 per cent, to Rs 29,009 per 10 grams, in a business turnover of 14 lots. (This article was published on February 6, 2017)Related NEWS Silver futures rise 0.64% on global cues Similarly, the yellow metal for delivery in April traded higher by Rs 86, or 0.30 per cent, to Rs 28,995 per 10 grams in 466 lots. Analysts said a firming trend in the global market as the dollar slipped against a basket of major currencies after mixed US jobs data late last week lowered expectations for near-term interest rate hikes, boosting demand for a safe-haven, influenced gold futures.


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