Gold Gains On Jewellers Buying, Global Cues

Gold prices were up in futures trade today on more buying by local jewellers during ongoing 'Navratri' and positive global cues. Traders said sentiment bolstered on the back of a firm trend overseas where gold went up on weaker dollar after the US Federal Reserve increased interest rates and forecast at least two more hikes for 2018.

At the MCX, gold futures for April 2018 contract were trading at Rs 30571 per 10 grams, up by 0.40 per cent, after opening at Rs 30530 against a previous close of Rs 30449. It touched the intra-day high of Rs 30615.

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Suhani Verma

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