Gold futures jump Rs 234 to Rs 31697/10 gm on global cues

New Delhi, April 22

Gold costs rose by Rs 234 to Rs 31,697 per 10 gram in futures commerce on Monday as contributors created contemporary positions, monitoring agency pattern abroad.

On the Multi Commodity Alternate, gold for supply in June contracts traded larger by Rs 234 or zero.74 per cent to Rs 31,697 per 10 gram in a enterprise turnover of 13,679 heaps.

Marketmen attributed the rise in gold futures to larger crude charges amid tensions scaling up between the US and Iran.

The Trump administration is anticipated to tell 5 nations, together with allies Japan, South Korea and Turkey, that they’ll not be exempt from US sanctions in the event that they proceed to import oil from Iran. The opposite two international locations are India and China.

Moreover, a depreciating rupee additionally helped gold futures to rise.

Globally, the yellow steel was buying and selling larger by zero.44 per cent at USD 1,277.49 an oz in Singapore. PTI

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