Gold futures rise 0.22 per cent on fresh bets
Gold is trading at Rs 29,286 per 10 grams in futures trade as participants created fresh positions.
By : DC Correspondent
Update: 2017-11-02 05:49 GMT
New Delhi: Gold prices rose 0.22 per cent to Rs 29,286 per 10 grams in futures trade as participants created fresh positions, tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in December rose by Rs 65 -- or 0.22 per cent -- to Rs 29,286 per 10 grams in a business turnover of 129 lots.
Analysts said fresh positions created by traders were in line with a firm global trend after the US Federal Reserve left interest rates unchanged.
Investors waited for an announcement on a new chair for the central bank.
Globally, gold rose 0.42 per cent to USD 1,279.60 an ounce in Singapore.