Marginal rise in gold futures

PTI New Delhi | Updated on March 04, 2011

Gold prices rose 0.28 per cent to Rs 21,212 per 10 gram at the futures trade today, as the precious metal recovered in the global market after Thursday’s steep fall.

At the Multi Commodity Exchange, gold for delivery in June jumped by Rs 59 or 0.28 per cent to Rs 21,212 per 10 grams with an open interest of three lots. Likewise, the yellow metal for delivery in April moved up by Rs 41 or 0.2 per cent to Rs 20,899 per 10 grams with a business turnover of two lots.

Market analysts attributed the rise in gold futures to the precious metal’s recovery in the global market, after its prices fell from an all-time high of $1,441.30 an ounce in New York to $1,415.30.

Meanwhile, the yellow metal rose 0.2 per cent to $1,418.10 an ounce in the Asian trade today.

Published on March 04, 2011

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