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Published on 6/03/2018 12:59:32 PM | Source: Dion Global Solutions Ltd

Gold futures rise on positive global cues

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

Gold prices moved up in futures trade today as speculators raised bets, tracking a firm trend overseas. Analysts said widening of positions by participants in tandem with a firming trend in the global markets on a softer dollar, amid worries about a global trade war even as US President Donald Trump faced pressure from political and trade allies over his plan for steel and aluminum tariffs, influenced gold prices at futures trade.

At the MCX, gold futures for April 2018 contract ended at Rs 30373 per 10 grams, up by 0.07 per cent, after opening at Rs 30397 against a previous close of Rs 30352. It touched the intra-day high of Rs 30427 .