NEW DELHI, May 9: Gold prices were up by 0.16 per cent to Rs 31,260 per 10 grams in futures trade today as speculators created fresh positions, ignoring weak global cues.
At the Multi Commodity Exchange, gold for delivery in June month edged up by Rs 50, or 0.16 per cent to Rs 31,260 per 10 grams in business turnover of 335 lots.
Likewise, the yellow metal for delivery in August contracts traded higher by Rs 45, or 0.14 per cent to Rs 31,476 per 10 grams in 27 lots.
Global cues for precious metals were weak as the dollar regained ground after briefly dipping following US President Donald Trump’s decision to pull out of the Iran nuclear deal.
Globally, gold shed 0.30 per cent to USD 1,310.30 an ounce in Singapore. (PTI)
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