Gold futures rise on firm global cues 07/02/2018

Gold futures rise on firm global cues
07/02/2018


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Gold futures rise on firm global cues
07/02/2018 12:02
Gold prices were up at futures trade on Wednesday as participants built up fresh positions, taking positive cues from global markets. Analysts said fresh positions built up by traders in step with a firm trend overseas as investors resorted to bargain hunting after the yellow metal's sharp decline of over 1 per cent to its lowest in more than three weeks in the previous session, influenced gold futures. At the MCX, gold futures for April 2018 contract is trading at Rs 30216 per 10 grams, up by 0.10 per cent, after opening at Rs 30223, against a previous close of Rs 30187. It touched the intra-day high of Rs 30239 (at 12:06 hours).