Business Daily from THE HINDU group of publications
Thursday, August 21, 2008
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Business Daily from THE HINDU group of publications Thursday, August 21, 2008 ePaper | Mobile/PDA Version | Audio |
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Update at 1315 hrs (IST)
Commodities Gold futures follow rising crude price NEW DELHI: Gold prices on Thursday maintained its rising trend for the second day in futures market on the back of rising crude oil prices. The gold, which was in positive zone in previous day's trading, went up further after the metal rose in overseas markets as crude oil climbed to near 117 dollar a barrel. The near-month October contract of the precious metal gained 0.85 per cent at Rs 11,667 per 10 grams on the Multi Commodity Exchange with a trading volume of 2451 lots at 1115 hrs. Similarly, the far-month December contract inched up by 0.81 per cent at Rs 11,771 per 10 grams. The contract recorded business volume of 207 lots. Traders enlarging their holding ahead of ahead of marriage season and reports of better trend in global markets mainly pushed up gold prices in the futures market. – PTI
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