Gold futures rise by Rs 246 to Rs 28,664 on global cues

Jan 02 2014, 12:30 IST
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At the Multi Commodity Exchange, gold for delivery in February rose by Rs 246, or 0.87 per cent, to Rs 28,664 per 10 gm. At the Multi Commodity Exchange, gold for delivery in February rose by Rs 246, or 0.87 per cent, to Rs 28,664 per 10 gm.
SummaryGlobally, gold in Singapore climbed to USD 1,224.09 an ounce from USD 1,205.65 on December 31.

Gold prices rose by Rs 246 to Rs 28,664 per 10 gm in futures trade today as speculators created fresh positions taking positive cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in February rose by Rs 246, or 0.87 per cent, to Rs 28,664 per 10 gm, with a business turnover of 687 lots.

Similarly, the metal for delivery in April moved up by Rs 203, or 0.73 per cent, to Rs 27,890 per 10 gm, with a trade volume of 45 lots.

Marketmen said fresh positions built-up by speculators after the precious metals rallied from their worst year in more than three decades in global markets as a decline to a six-month low spurred physical purchases influenced gold futures here.

Globally, gold in Singapore climbed to USD 1,224.09 an ounce from USD 1,205.65 on December 31.

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