Gold futures up on firm global cues

PTI New Delhi | Updated on March 12, 2018 Published on December 21, 2011

Gold futures prices rose by 0.47 per cent to Rs 27,598 per 10 grams today, as speculators enlarged their positions on the back of a firming global trend.

At the Multi Commodity Exchange, gold for delivery in February rose by Rs 131 or 0.47 per cent to Rs 27,998 per 10 grams, with a business turnover of 4,234 lots.

In a similar fashion, the metal for delivery in April moved up by similar margin to, Rs 28,299 per 10 grams, with a trade volume of 187 lots.

Market analysts said the rise in gold futures was attributed to reports of a firming trend in the overseas markets as the euro advanced after European finance ministers boosted their anti-crisis efforts by pledging extra funding to the International Monetary fund.

Meanwhile, gold rose by $9.80, or 0.61 per cent, to $1,626 an ounce in Singapore in early trade today.

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Published on December 21, 2011
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