Business Standard

Gold futures up 0.09% on global cues

Signs of increased physical demand in China triggered firming trend in global markets

Press Trust of India New Delhi
Gold futures for delivery in June rose by Rs 28, or 0.09%, to Rs 29,916 per 10 gm in 114 lots.     

At the Multi Commodity Exchange (MCX), the April contract moved up by Rs 21, or 0.07%, to Rs 29,342 per 10 gm in 1,705 lots.

Prices went up as speculators enlarged positions.

Signs of increased physical demand in China triggered firming trend in global markets.

Concern that Europe's debt crisis may persist also influenced gold futures trade here.     

In Singapore, Gold rose by 0.20% to $1,584.75 an ounce in early trade today.

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First Published: Mar 12 2013 | 2:02 PM IST

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