Gold Futures Rise On Global Cues

Gold prices were up at futures trade on Tuesday as traders raised bets amid positive cues from global markets.

Analysts attributed the rise in gold prices at futures market to a firming trend overseas as weaker dollar raising demand for the precious metal as a safe haven.

At the MCX, gold futures for February 2018 contract is trading at Rs 29881 per 10 grams, up by 0.16 per cent, after opening at Rs 29873, against a previous close of Rs 29834. It touched the intra-day high of Rs 29932 (at 11:03 hours).

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Suhani Verma

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