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Gold prices up on positive global trend

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Press Trust of India New Delhi

Gold prices gained Rs 68 to Rs 16,531 per ten gram in futures trading today on fresh buying by traders influenced by a firming global trend.

Gold for February month contract gained Rs 68 or 0.41 per cent to Rs 16,531 per ten gram at the Multi Commodity Exchange with an open interest of 12,945 lots.

The metal for delivery in April contract also traded lower by a similar margin at Rs 16,586 per ten in a turnover of 7,360 lots.

Market experts said fresh buying by traders in tandem with a firming global trend led to a rise in gold prices at the futures market.

Meanwhile, gold climbed 0.3 per cent to $1,100.80 an ounce in Singapore against previous close of $1,092.

 

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First Published: Jan 27 2010 | 1:24 PM IST

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