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Gold prices rise by Rs 157 on global cues

On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 157, or 0.49 per cent, at Rs 32,255 per 10 gram in a business turnover of 251 lots.

PTI Reported by: PTI New Delhi Published on: June 03, 2019 13:52 IST
Gold prices rise on global cues
Image Source : PTI

Gold prices rise on global cues

Gold prices went up by Rs 157 to Rs 32,255 per 10 gram in futures trade Monday as speculators widened their bets, tracking a firm trend overseas.

On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 157, or 0.49 per cent, at Rs 32,255 per 10 gram in a business turnover of 251 lots.

Similarly, gold for August traded higher by Rs 108, or 0.33 per cent, at Rs 32,374 per 10 gram with a business volume of 15,270 lots.

Analysts said built up of positions by participants on positive cues from global market raised demand for the precious metal as a safe haven and pushed up gold prices at futures trade.

Globally, gold rose 0.55 per cent to trade at USD 1,318.30 an ounce in New York.

Also Read | Gold gains Rs 100 on jewellers' buying

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