Gold futures rise on firm global cues

Gold futures rise on firm global cues

28/08/2017 13:27

Gold futures were trading up in the domestic market on Monday on speculative buying amid a firm global trend.

Analysts said a firm trend in global markets, as a weak dollar boosted the demand for safe-haven investment, influenced gold prices at the futures trade.

At the MCX, gold futures for October 2017 contract was at Rs 29247 per 10 grams, up by 0.27 per cent, after opening at Rs 29195 against a previous close of Rs 29167. It touched the intra-day high of Rs 29290 (13:25 hours).

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