Gold futures price up on firm global cues
PTI: New Delhi, Jan 14 2013, 12:37 IST
Taking positive cues from the global market, gold futures prices today marginally rose by 0.11 per cent to Rs 31,920 per 10 grams in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, gold for delivery in April moved up by Rs 34, or 0.11 per cent, to trade at Rs 31,920 per 10 grams, with a turnover of 55 lots.
Similarly, gold for February delivery gained Rs 33, or 0.10 per cent, to Rs 31,487 per 10 grams, with a business volume of 936 lots.
Marketmen said gains in gold prices at futures trade was mostly in tune with a firm trend overseas.
Federal Reserve Bank of Chicago President Charles Evans said the US central bank should keep policy accommodative to support the economy and weakening dollar, raising demand for the precious metal as an alternative investment.
Globally, gold rose USD 6.50, or 0.3 per cent to USD 1,667.93 an ounce in early trade in Singapore.
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