Gold futures trades higher 0.56 pc on global cues

Feb 10 2014, 14:29 IST
Comments 0
Gold prices traded higher by 0.56 per cent to Rs 28,914 per ten gram in futures trade today as speculators enlarged positions in tandem with a firm global trend. Reuters Gold prices traded higher by 0.56 per cent to Rs 28,914 per ten gram in futures trade today as speculators enlarged positions in tandem with a firm global trend. Reuters
SummaryGold prices traded higher by 0.56 per cent to Rs 28,914 per ten gram in futures trade.

Gold prices traded higher by 0.56 per cent to Rs 28,914 per ten gram in futures trade today as speculators enlarged positions in tandem with a firm global trend.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 160, or 0.56 per cent to Rs 28,914 per ten gram in business turnover of 1522 lots.

In a similar fashion, the metal for delivery in June traded higher by Rs 136, or 0.48 per cent to Rs 28,549 per ten gram in 52 lots.

Market analysts said fresh positions created by speculators in tandem with a firm global trend as US jobs data missed estimates and Chinese buyers returned after the Lunar New Year break, mainly influenced gold prices at futures trade.

Meanwhile, gold traded higher at 1,269.25 dollar an ounce from 1,267.27 dollar on February 7 in Singapore.

Ads by Google

More from Commodities

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...