Gold prices up on global cues, spot demand

Gold costs up on world cues, spot demand


New Delhi, Could 27 Gold costs rose by Rs 97 to Rs 31,627 per 10 gram in futures commerce Monday as speculators widened their bets, monitoring a agency development abroad.

On the Multi Commodity Alternate, gold for supply in June contracts was buying and selling increased by Rs 97, or zero.31 per cent, to Rs 31,627 per 10 gram, in a enterprise turnover of 5,569 tons.

Equally, the supply for August contracts was up by Rs 88, or zero.28 per cent, to Rs 31,774 per 10 gram, with a enterprise quantity of 10,639 tons.

Analysts stated elevating of bets by individuals, taking cues from world markets primarily pushed up gold costs right here. A weaker rupee additionally strengthened the gold costs.

Globally, the yellow metallic costs gained steam on the speculations of a protracted Sino-US commerce warfare and poor US financial information.

The valuable metallic rose zero.15 per cent to commerce at USD 1,291.10 an oz. in New York. ADI SHW

Disclaimer :- This story has not been edited by Outlook employees and is auto-generated from information company feeds.

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