Published on 7/03/2018 12:11:32 PM | Source: Dion Global Solutions Ltd

Gold futures remain up on global cues

Posted in Commodity Top News| #Gold #MCX #Commodity

Gold prices moved up in futures trade today as speculators enlarged their positions, driven by a firm trend overseas. Analysts said participants expanded their positions on the back of a firm trend overseas as the dollar weakened after US President Donald Trump said he would push ahead with punitive tariffs on steel and aluminium imports, rekindling fears of a potential trade war.

At the MCX, gold futures for April 2018 contract ended at Rs 30620 per 10 grams, up by 0.15 per cent, after opening at Rs 30650 against a previous close of Rs 30573. It touched the intra-day high of Rs 30650.