India, Aug. 20 -- Gold prices rose Rs 264 to Rs 1,58,260 per 10 grams in futures trade on Thursday, supported by a sharp decline in the US dollar and firm global cues.
On the Multi Commodity Exchange (MCX), gold contracts for October delivery gained Rs 264, or 0.17%, to Rs 1,58,260 per 10 grams, with a business turnover of 10,450 lots.
Analysts said easing US Treasury yields and a weaker dollar boosted demand for the safe-haven asset. However, persistent inflation concerns, elevated crude oil prices and geopolitical tensions limited further gains in gold.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....