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Gold futures up 0.20% on global cues

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Press Trust of India New Delhi

Gold futures prices rose by 0.20% to Rs 22,395 per 10 gram today after speculators created fresh positions, driven by a firming global trend.

At the Multi Commodity Exchange, gold futures for August delivery surged Rs 54, or 0.20%, to Rs 22,395 per 10 grams, with a business turnover of 1,021 lots.

October delivery gained Rs 40, or 0.18%, to Rs 22,667 per 10 grams, with a trade volume of 69 lots.

Market analysts said firming trend in global market as slowing economic growth raised appeal for the precious metals, mainly influenced gold prices at futures trade here.

Meanwhile, gold moved up by 0.20% to $1,547.18 an ounce in Asian trade today, the highest since June 23.

 

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First Published: Jul 11 2011 | 12:41 PM IST

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