Gold price futures marginally up on global cues

Gold futures prices recovered by 0.11 per cent to Rs 28,395 per 10 gram today as speculators enlarged their positions in tune with a better trend overseas.

At the Multi Commodity Exchange,gold for delivery in December up by Rs 30,or 0.11 per cent,to Rs 28,395 per 10 gram,with a business turnover of 345 lots.

In a similar fashion,the metal for delivery in the far-month February next year contracts gained Rs 26,or 0.09 per cent,to Rs 28,150 per 10 gram,with a trade volume of 7 lots.

Gold October 14

Story continues below this ad

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as US Senate leaders struggled to draft an accord to increase the debt limit and avert a default before a deadline this week.

Meanwhile,gold rose by 0.50 per cent to USD 1,279.05 an ounce in Singapore today after dropping to USD 1,260.61 on October 11,the lowest since July 11,on expectations that an agreement would be reached.

‘Double bonanza for poor, middle class’: PM’s swadeshi pitch ahead of new GST roll out

India4 hr ago

PM Modi announced the rollout of new GST rates, calling it a "GST bachat utsav" and promising cheaper prices for medicines, insurance, and daily essentials. He emphasized that these reforms would ease doing business, attract investment, and benefit the poor, middle class, MSMEs, farmers, women, traders, and youth. He urged citizens to promote swadeshi goods.

View all shorts

Live Blog