Gold futures climb Rs 25 on global cues
Gold is trading at Rs 30,945 per 10 gram.
New Delhi: Gold prices rose by Rs 25 to Rs 30,945 per 10 gram in futures trade on September 5 as speculators widened their bets amid positive global cues. At Multi Commodity Exchange, the gold for delivery in October was trading Rs 25 or 0.08 per cent higher at Rs 30,945 per 10 grams in business turnover of 632 lots.
The metal for delivery in far-month December also rose by a similar margin to trade at Rs 31,094 per 10 gram in a turnover of 42 lots. In spot market, gold advanced for the third straight day by gaining Rs 50 to Rs 31,050 per 10 gram on September 5.
Analysts said fresh positions created by participants following a better trend in global markets after US employment data missed estimates, boosting the metal?s appeal as a haven. supported the upside in gold futures here.
The exchange remained closed for the morning session on account of 'Ganesh Chaturthi'. Meanwhile, gold traded 0.08 per cent higher at USD 1,325.80 an ounce in London on September 5.