Gold futures up on firm global cues

PTI New Delhi | Updated on June 10, 2011 Published on June 10, 2011

Gold prices rose by Rs 26 to Rs 22,887 per 10 gram at the futures trade today after speculators created fresh positions, driven by a firming global trend.

At the Multi Commodity Exchange, gold futures for delivery in October surged by Rs 26 or 0.11 per cent to Rs 22,887 per 10 grams with a business turnover of just two lots.

Similarly, the metal for delivery in August gained Rs 23 or 0.1 per cent to Rs 22,612 per 10 grams with a trade volume of three lots.

Market analysts said a firming trend in the global market mainly led to the rise in gold prices at the futures trade here.

Meanwhile, the yellow metal moved up by $6.70 to $1,544.30 an ounce in New York.

Published on June 10, 2011

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