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MTECHTIPS:-Gold futures up by Rs 258 on firm global cues

Monday, April 8, 2019 7:41

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MTECHTIPS:-Gold futures up by Rs 258 on firm global cues

MTECHTIPS-Gold prices rose by Rs 258 to Rs 32,131 per 10 gram in futures trade on April 8 as speculators raised their bets, taking positive cues from the global markets. At the Multi Commodity Exchange, gold for delivery in June contracts was trading higher by Rs 258, or 0.81 percent, to Rs 32,131 per 10 gram in a business turnover of 15,354 lots. In global markets, the precious metal soared to a new high as the dollar declined coupled with investors keeping a tab on the US Federal Reserve’s March meeting later this week, say reports. In the domestic market, the prices were up on increase in demand from local jewellers On the Multi Commodity Exchange, gold for delivery in far-month August was trading up by Rs 286, or, 0.89 percent, to 32,281 per 10 gram. Globally, the gold was trading 0.61 percent higher at $1,296.90 an ounce in Singapore

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