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Gold futures up on firm global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:14 AM IST

Gold prices rose by Rs 28, or 0.15 per cent, to Rs 18,568 per ten gram in futures market today, as speculators continued to enlarge their positions, driven by pick up in demand.

Firming trend in global markets also influenced the trading sentiment.

At the Multi Commodity Exchange counter, gold for February rose by Rs 28, or 0.15 per cent, to Rs 18,568 per ten gram, with an open interest of 614 lots.

Similarly, the metal for delivery in October-month gained Rs 24, or 0.13 per cent, to Rs 18,405 per ten gram, with an open interest of 8,908 lots.

Marketmen said speculators enlarged their positions on pick up in demand in the spot market, led to a rise in gold prices at futures trade.

Meanwhile, gold rose by $1.90 to $1,199.80 an ounce in Asian region.

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First Published: Aug 12 2010 | 4:50 PM IST

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