Don’t miss the latest developments in business and finance.

Gold futures up on global cues

Fresh positions led to price rise in the domestic market

Image
Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 4:04 AM IST

Tracking a firm global trend, gold prices rose by Rs 51 to Rs 30,155 per 10 grams in futures trade today as speculators created fresh positions.

At the Multi Commodity Exchange, gold for delivery in October rose by Rs 51, or 0.17%, to Rs 30,155 per 10 grams, with a business turnover of 3,952 lots.

The December contract moved up by Rs 34, or 0.11%, to Rs 30,481 per 10 grams in 425 lots.

Marketmen said fresh buying by speculators in tandem with a firm global trend mainly led to a rise in gold futures.

Meanwhile, gold rose 0.2% to $1,618.05 an ounce in Singapore.

More From This Section

First Published: Aug 17 2012 | 12:21 PM IST

Next Story