Gold futures rise to Rs 27,170 per 10 gm

PTI Updated - March 13, 2018 at 10:42 AM.

gold

Gold prices rose 0.33 per cent to Rs 27,170 per 10 grams at the futures trade today as participants engaged in enlarging positions due to a firm trend overseas.

On the Multi Commodity Exchange, the metal for delivery in far-month December gained Rs 90 or 0.33 per cent to trade at Rs 27,170 per 10 grams in a turnover of 153 lots.

Similarly, the metal for delivery in October moved up by Rs 80 or 0.3 per cent to Rs 26,978 per 10 grams, clocking a business volume of 2,710 lots.

Fed policy meet

Analysts said the rise in global markets, where gold rallied from an eight-month low, on speculation that reduced prices may spur purchases before the Federal Reserve begins a two-day policy meeting, supported the rise in precious metal prices at futures trade here.

Globally, gold climbed 0.4 per cent to $1,235.07 an ounce in Singapore today.

Published on September 15, 2014 08:36