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Gold futures up on Asian cues, short covering

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Press Trust of India New Delhi

Gold futures prices recovered by 0.78% to Rs 28,887 per 10 grams today, tracking a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in December gained Rs 224, or 0.78%, to Rs 28,887 per 10 grams, with an open interest for 3,867 lots.

Similarly, for delivery in far-month February, it also rose by Rs 210, or 0.72%, to Rs 29,215 per 10 grams in 3,087 lots.

Market analysts attributed the recovery in gold futures to a firming trend in Asian markets.

Meanwhile, spot gold prices recovered by $6.70 to $1,722.10 an ounce in Singapore in early trade today.

 

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First Published: Nov 30 2011 | 1:27 PM IST

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