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Gold futures rise on global cues

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Press Trust of India New Delhi

Tracking firming global trend, gold prices rose Rs 39, or 0.20 per cent, to Rs 19,129 per ten gram in futures trade today on fresh buying by speculators.

At the Multi Commodity Exchange counter, gold for December rose Rs 39, or 0.20 per cent, to Rs 19,129 per ten gram, with an open interest of 5,730 lots.

Similarly, the October delivery moved up by Rs 33, or 0.17 per cent, to Rs 19,033 per ten gram, with an open interest of 18,394 lots.

Market analysts said beside firming global trend, speculators enlarged positions to meet the festive demand, pushed up gold prices at futures trade.

 

Meanwhile, gold rose by $2.20 to $1,246.60 an ounce in Asian region.

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First Published: Sep 02 2010 | 3:19 PM IST

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