Gold futures up on spot demand

Gold futures up on spot demand


New Delhi, Might 22 Gold costs rose zero.03 per cent to Rs 31,425 per 10 gram in futures commerce Wednesday as speculators constructed up recent positions in home markets.

On the Multi Commodity Alternate, gold for supply in June contracts traded larger by Rs 9, or zero.03 per cent, to Rs 31,425 per 10 gram, in a enterprise turnover of seven,044 heaps.

Analysts mentioned the rise in gold costs was totally on the again of recent positions constructed up by the contributors. Nevertheless, a weak pattern abroad restricted the positive factors in gold futures.

Globally, gold fell zero.03 per cent at USD 1,272.80 an oz. in New York. ADI SHW

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