At the Multi Commodity Exchange, gold for delivery in February was up Rs 31, or 0.11 percent, at Rs 27,601 per 10 grams in a business turnover of 279 lots. Gold prices were up by Rs 31 to reclaim Rs 27,601 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in February was up Rs 31, or 0.11 percent, at Rs 27,601 per 10 grams in a business turnover of 279 lots. Also, the yellow metal for delivery in far-month April contracts was trading higher by Rs 26, or 0.09 percent, at Rs 27,555 per 10 grams in six lots. Analysts said a firming trend in precious metals overseas mainly buoyed gold futures here. Globally, gold surged as much as 0.50 percent to USD 1,156.70 an ounce in Singapore today. Jewellery stocks are expected to gain from the demonetisation move as the manner in which the Jewellery industry has been functioning in India is expected to change due to push for digitisation and cashless payment. Markets after opening on a positive note taking cues from global markets which are trading in red owing to concerns over taxation for foreign investors and December auto sales, which are reflecting demonetisation's aftereffects. Stocks like Titan and Gati are buzzing on bourses by gaining more than 2% in the first half hour of the trade. Logistics companies are expected to show some buoyancy as the GST council will be holding a meeting today with officials from 6 key different sectors, including IT, Telecom, Banking and Insurance to assess the implementation hurdles under the new GST regime, as the outcome will affect the Logistics sector. Jewellery stocks are buzzing with stocks like Gitanjali Gems and TBZ trading higher by 3% or more. Jewellery stocks are expected to gain from the demonetisation move as the manner in which the Jewellery industry has been functioning in India is expected to change due to push for digitisation and cashless payment. Companies like Titan are also expected to benefit from demonetisation. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
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