Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Gold futures up on firm global cues

Jul 04 2014, 19:15 IST
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SummaryGold climbed 0.20 per cent to USD 1,321.89 an ounce in London.

Gold futures rose 0.34 per cent to Rs 27,641 per 10 grams today amid a firming trend in global markets.

At the Multi Commodity Exchange, gold for delivery in

October rose by Rs 95, or 0.34 per cent, to Rs 27,641 per 10

grams with a business turnover of 85 lots.

In a similar fashion, the metal for delivery in August

moved up by Rs 90, or 0.32 per cent, to Rs 27,554 per 10 grams with a trade volume of 4,113 lots.

Market analysts said the rise in gold futures was mainly

in line with a firming trend in overseas markets after German

factory orders fell more than expected, raising demand for

the safe-haven.

Meanwhile, gold climbed 0.20 per cent to USD 1,321.89 an

ounce in London.

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