Commodities

Gold futures up on global cues

PTI New Delhi | Updated on February 18, 2011

Gold prices rose by Rs 29 to Rs 20,975 per 10 grams at the futures trade today as speculators enlarged their positions on the back of a firming global trend.

At the Multi Commodity Exchange, gold for August delivery rose by Rs 29 or 0.14 per cent to Rs 20,975 per 10 grams with an open interest for a single lot. Likewise, April contract moved up by Rs 22 or 0.11 per cent to Rs 20,538 per 10 grams with a business turnover of two lots.

Market analysts said speculators were enlarging their positions on the back of a firming global trend which mainly led to the rise in gold futures prices.

Meanwhile, gold rose by $9 to $1,384.60 an ounce in New York on Thursday.

Published on February 18, 2011

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