March 7, 2013

Gold futures up on global cues

Gold futures up on global cues - The Economic Times

Gold futures prices today rose by 0.23 per cent to Rs 29,660 per 10 grams as speculators enlarged their positions, driven by a firming trend in the Asian region.

At the Multi Commodity Exchange, Gold for delivery in April rose by Rs 67, or 0.23 per cent, to Rs 29,660 per 10 gm in business turnover of 929 lots.

The metal for delivery in the June moved up by Rs 63, or 0.21 per cent, to Rs 30,200 per 10 gm in a turnover of 35 lots.

Market analysts said a firming trend in the global market mainly influenced gold futures here

Meanwhile, gold rose by 38 cents higher at USD 1,584.28 an ounce in Singapore in early trade today.

Source : The Economic Times

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