Gold prices rise on spot demand

New Delhi, April 29

Gold costs rose zero.08 per cent at Rs 31,938 per 10 gram in futures commerce on Monday as merchants raised bets amid optimistic cues from home markets.

Gold to be delivered by June contracts was buying and selling greater by Rs 27, or zero.08 per cent, at Rs 31,938 per 10 gram in a enterprise turnover of 13,053 heaps on the Multi Commodity Change.

Equally, the steel for supply in August contracts additionally gained Rs 10, or zero.03 per cent, to Rs 32,090 per 10 gram in three,614 heaps.

Analysts attributed the rise within the valuable steel to widening of positions by members in step with a agency development within the home markets.

In the meantime, gold was buying and selling a shade decrease by zero.18 per cent at USD 1,282.54 an oz. in Singapore. PTI

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