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Gold futures regain Rs 20,000 on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:24 AM IST

Gold futures prices rose by Rs 115 to Rs 20,000 per 10 gram today,

At the Multi Commodity Exchange platform, gold for June delivery rose by Rs 115, or 0.58 per cent, to Rs 20,104 per 10 gram, with a trade volume of just one lot.

Similarly, the metal for delivery in December traded higher by Rs 35, or 0.18 per cent, to Rs 19,638 per 10 gram, with a trade volume of just one lot.

Analysts said positions enlarged by speculators on expectations of pick up in demand during festival season amid firming global trend, mainly led to rise in gold futures prices.

Meanwhile, gold recorded a sharp rise of $19.10 to $1,344.10 an ounce in New York last evening. 

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First Published: Oct 29 2010 | 2:51 PM IST

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