Business Standard

Gold futures up on firm global cues

Rise in gold futures was mainly in line with a firming trend in overseas markets as a three-day declining streak lure some buyers

Press Trust of India New Delhi
Gold futures prices rose by 0.25% to Rs 27,141 per 10 gm today as speculators enlarged their positions on the back of firming global trends.

At the Multi Commodity Exchange, the August contract rose by Rs 62, or 0.25%, to Rs 27,141 per 10 grams, with a business turnover of 174 lots.

The June contract moved up by Rs 60, or 0.24%, to Rs 26,914 per 10 grams, with a trade volume of 792 lots.

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as a three-day declining streak lure some buyers.
 
Meanwhile, gold rose by 1.10% to $1,445.57 an ounce in Singapore in early trade today.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 14 2013 | 12:07 PM IST

Explore News