Gold futures up Rs 120 on positive global cues

New Delhi: Gold prices rose by Rs 120 to Rs 32,000 per 10 grams in futures trade Friday as speculators widened their bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 120, or 0.38 per cent, to Rs 32,000 per 10 grams, in a business turnover of 13,971 lots.

Similarly, the March rates of the precious metal edged higher by Rs 136, or 0.43 per cent, to Rs 32,108 per 10 grams with a business volume of 115 lots.

Analysts said raising of bets by participants, taking positive cues from global markets as weakness in dollar raised demand for the precious metal as a safe-haven, mainly pushed up gold prices.

Globally, gold rose 0.11 per cent to trade at USD 1,228 an ounce in Singapore.

الموقع يستعمل RSS Poster بدعم القاهرة اليوم