Improved spot demand lifts gold futures

NEW DELHI: Gold prices strengthened in futures trade on Friday on improved demand by local jewellers at the spot market.

However, weak global sentiment capped the gains for the metal.

Gold slipped in global markets as the dollar rose against the yen on signs of progress in the US-China trade dispute and strong US economic data, Reuters reported.


Holdings in the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, fell for the fourth consecutive session on Thursday.

Silver prices climbed on higher demand by industrial units and coin makers.

MCX Gold was trading at Rs 31,810, up 0.13 per cent while silver was trading at Rs 37,568, up 0.27 per cent, as of 10:25 am.