Commodities

Gold glitters on firm global trend

PTI New Delhi | Updated on April 04, 2011

Analysts said increased buying by speculators in tandem with a firming global trend mainly led to the rise in gold futures prices. PHOTO K.K. Mustafah   -  Business Line

Gold prices rose by Rs 23 to Rs 20,683 per 10 grams in futures trading today as speculators enlarged their positions, supported by a firm global trend.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 23 or 0.11 per cent to Rs 20,683 per 10 grams, with a business turnover of two lots.

Similarly, the metal for delivery in June gained Rs 10 or 0.05 per cent to Rs 20,955 per 10 grams, with an open interest of a single lot.

Analysts said increased buying by speculators in tandem with a firming global trend mainly led to the rise in gold futures prices.

Meanwhile, gold rose by 0.07 per cent to $1429.90 an ounce in the Asian region.

Published on April 04, 2011

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