Commodities

Marginal rise in gold futures

PTI New Delhi | Updated on May 20, 2011 Published on May 20, 2011

Gold prices rose marginally by 0.08 per cent to Rs 21,905 per 10 grams at the futures trade today as speculators enlarged their positions in tandem with a firming trend in the Asian trade.

Trading sentiment turned better as gold strengthened in the Asian trade after recent losses.

At the Multi Commodity Exchange, gold for June delivery rose Rs 21 or 0.08 per cent to Rs 21,905 per 10 grams with a business volume of 3,031 lots. Likewise, August contract moved up by Rs 14 or 0.07 per cent to Rs 22,141 per 10 grams with an open interest of 87 lots.

Market analysts said apart from a firming trend in the Asian region, increased buying by speculators mainly pushed up gold futures prices.

Meanwhile, the yellow metal gained $2.90 to $1,496.70 per ounce in the Asian region.

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Published on May 20, 2011
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