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Gold futures surge on global cues

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Press Trust of India New Delhi

Buoyed by firm trends in Asian regions, gold futures prices rose by Rs 31 to Rs 20,952 per 10 grams today on fresh buying support by traders.

At the Multi Commodity Exchange platform, gold for delivery in August rose by Rs 31, or 0.15 per cent, to Rs 20,952 per 10 grams, with a trade volume of just one lot.

Similarly, the metal for delivery in February moved up by Rs 25, or 0.12 per cent, to Rs 20,462 per 10 grams, with a trade volume of just one lot.

Market experts said speculators and traders indulged in fresh buying in tandem with firming trend in Asian region.

Meanwhile, gold traded $1.40 higher $1,381.50 an ounce in Seoul.

 

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First Published: Dec 24 2010 | 3:12 PM IST

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