Gold futures up 0.48% on firm global cues

Jul 17 2014, 11:42 IST
Comments 0
SummaryAt the Multi Commodity Exchange, metal prices for delivery in far-month October gained Rs 134, or 0.48 per cent, to trade higher at Rs 27,771 per 10 gram.

Gold futures prices today rose by 0.48 per cent to Rs 27,771 per 10 grams as speculators enlarged positions after the metal gained in the global market.

At the Multi Commodity Exchange, metal prices for delivery in far-month October gained Rs 134, or 0.48 per cent, to trade higher at Rs 27,771 per 10 gram in a turnover of 43 lots.

Similarly, the metal prices for delivery in August edged up by Rs 114, or 0.41 per cent, to Rs 27,790 per 10 gram, clocking a business volume of 672 lots.

Analysts attributed gains in the precious metal at futures trade to a firming trend in the overseas markets amid signs of increased demand in China and India, the world’s two largest consumers.

Globally, gold rose to USD 1,301.86 an ounce in Singapore from USD 1,299.21 yesterday.

Ads by Google

More from Commodities

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