Gold shines on global cues

PTI New Delhi | Updated on June 21, 2011

Gold prices rose by Rs 43 to Rs 22,691 per 10 grams in futures trade today as speculators created fresh positions on the back of a firming global trend.

At the Multi Commodity Exchange, gold for delivery in August gained Rs 43 or 0.19 per cent to Rs 22,691 per 10 grams, with a business turnover of 2,327 lots.

Similarly, the metal for delivery in October traded higher by the same margin to Rs 22,963 per 10 grams, with an open interest of 127 lots.

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

Meanwhile, gold rose by $1.80 to $1,542.30 an ounce in Asian region.

Published on June 21, 2011

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