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Gold futures up on strong global cues

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Press Trust of India New Delhi

Gold prices gained Rs 24 to Rs 20,820 per ten grams in futures trade today as speculators indulged in creating fresh positions on the back of a firm global trend.

At the Multi Commodity Exchange, gold for April month gained Rs 24, or 0.12 per cent to Rs 20,820 per ten grams in a business turnover of two lots.

Similarly, the metal for delivery in February month edged up by Rs 22, or 0.11 per cent to Rs 20,637 per ten grams in a business volume of 2 lots.

Analysts said fresh buying by speculators in tandem with a firm global trend mainly led to the rise in gold prices in futures trade.

Meanwhile, gold gained 0.2 per cent to $1,390.45 an ounce in the Asian region.

 

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First Published: Dec 10 2010 | 4:55 PM IST

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