Gold futures up at Rs 32,328 on global cues

PTI Updated - March 12, 2018 at 02:25 PM.

Gold

Gold prices rose 0.25 per cent to Rs 32,328 per 10 grams at the futures trade today as speculators indulged in creating positions driven by a firming trend overseas.

Further, rising demand at the spot market for the upcoming marriage season also supported the upside.

At the Multi Commodity Exchange, gold for delivery in December was up by Rs 82 or 0.25 per cent to trade at Rs 32,328 per 10 grams with a turnover of 196 lots.

Similarly, gold for October delivery gained Rs 76 or 0.24 per cent to trade at Rs 31,942 per 10 grams clocking a business volume of 3,068 lots.

In the domestic spot market yesterday, gold had gained Rs 300 to Rs 32,480 per 10 gram in the national capital.

Marketmen said continued rise in gold prices at futures trade was in line with a firming trend overseas on speculation that the US Federal Reserve would announce more stimulus today to spur economic growth.

Meanwhile, gold gained 20 cents or 0.01 per cent to $1,731.60 an ounce in Singapore.

Published on September 13, 2012 07:40