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Gold futures strengthen on positive global trend

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Press Trust Of India New Delhi

Maintaining an upward march, gold futures gained 0.19 per cent in noon trade on the Multi Commodity Exchange today, on buying by speculators in line with a firming global trend.

At 1200 hrs on the MCX, gold for the most-active June contract gained 0.19 per cent at Rs 14,725 per ten grams, with an open interest for 199 lots.

Similarly, the metal for delivery in the far-month August contract inched up by 0.12 per cent to Rs 14,723 per ten grams, clocking 13,623 lots.

The continued rise in gold prices was mostly because of sustained buying by speculators influenced by a firming global trend, traders said. Meanwhile, gold advanced 0.4 per cent to $966.61 an ounce in the Asian region.

 

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First Published: Jun 04 2009 | 1:15 PM IST

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