Comments
Gold futures rose Rs 499 to Rs 28,288 per 10 grams today on fresh buying by speculators, tracking a firm global trend.
Trading sentiment turned better after gold gained in London as concerns about slowing economic growth and Europe’s debt woes spurred demand for the metal as an alternate investment option.
At the Multi Commodity Exchange, gold for delivery in October rose Rs 499 or 1.8 per cent to Rs 28,288 per 10 grams with a business turnover of 32,454 lots.
Similarly, the metal for delivery in December moved up by Rs 473 or 1.68 per cent to Rs 28,553 per 10 grams with a trade volume of 2,042 lots.
The rise in gold was mostly due to a firming global trend, traders said.
Meanwhile, gold rose by $10.75 to $1,893.63 an ounce in London.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.