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Gold remains up in futures trade

Feb 27, 2019 3:40 AM

Gold prices rose by another Rs 19 to Rs 33,247 per 10 gram in futures trade Wednesday as speculators indulged in enlarging positions even as the precious metal weakened overseas.

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At the Multi Commodity Exchange, gold to be delivered in March rose by Rs 19, or 0.06 percent, at Rs 33,247 per 10 gram in business turnover of 1,273 lots.

Analysts said raising of bets by participants influenced gold prices at futures trade but a weak trend overseas capped the gains. Globally, spot gold fell 0.11 percent to $ 1,328 an ounce in New York.

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