Tuesday 25 October 2016

Gold futures rates up Rs 29 on firm worldwide signs

Gold costs rose Rs 29 to Rs 29,792 for each 10 gram in fates exchanging on October 25 as members broadened wagers, activated by a firming pattern abroad.

At the Multi Commodity Exchange, gold for conveyance in December was exchanging higher by Rs 29, or 0.10 for each penny, to Rs 29,792 for every 10 gram, in a business turnover of 229 parts.

Likewise, the yellow metal for conveyance in far-month February 2017 exchanged higher by Rs 25, or 0.08 for each penny, to Rs 29,825 for every 10 gram in seven parts.

Experts said extending of positions by members, following a firming pattern in the worldwide market basically affected the valuable metal costs at fates exchange.

Comprehensively, gold rose 0.15 for every penny to USD 1,266.30 an ounce in Singapore on October 25.

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Author : Ways2Capital

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