Gold futures up on global cues

Gold futures up on world cues


New Delhi, Might 31 Gold costs rose by Rs 143 to Rs 31,952 per 10 gram in futures commerce Friday as speculators raised bets on the again of agency development abroad.

On the Multi Commodity Change, gold to be delivered in June contracts rose by Rs 143, or zero.45 per cent, to Rs 31,952 per 10 gram in enterprise turnover of 1,870 heaps.

Analysts mentioned elevating of bets by contributors influenced gold costs at futures commerce in tune with a agency development abroad.

Globally, gold costs rose over the lingering US-China commerce struggle, it additional acquired help on the expectation of charge reduce by the US Federal Reserve which dented on the American foreign money, say studies.

The spot gold costs had been buying and selling up zero.51 per cent to USD 1,299 an oz in New York. ADI SHW

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