Gold prices went up to Rs 31,960 per 10 gram at futures trade on spot demand by local jewellers at the spot market
(Representational Photo: Getty Images)
Gold prices went up by Rs 210 to Rs 31,960 per 10 gram at futures trade on Friday on firm demand by local jewellers at the spot market.
However, weak global sentiment capped the gains.
At the Multi Commodity Exchange, gold to be delivered in June contracts was up by Rs 210, or 0.66 per cent, to trade at Rs 31,960 per 10 gram in a business turnover of 14,430 lots.
Advertisement
According to analysts, raising of bets by speculators at current levels mainly pushed up gold prices at futures trade but a subdued trend overseas limited the gains.
Also, a weak dollar refers to that gold will appreciate as the commodity becomes cheaper in other currencies, giving rise to its demand.
Earlier, globally, gold was trading 0.43 per cent lower at USD 1,294.19 an ounce in Singapore.
Advertisement
