Gold & Silver

Gold futures trading up at Rs 28,953/10g

PTI New Delhi | Updated on August 13, 2013 Published on August 13, 2013

Gold futures on MCX traded higher by 0.10 per cent at Rs 28,953 per 10 grams at 1.44 p.m. on Tuesday.

The August contract opened higher at Rs 28,985 against the previous close of Rs 28,923. It made a high of Rs 29,175 and low of Rs 28,720.

In Comex, the yellow metal for December delivery was up by $1.5 at $1,336 a troy ounce at 1.44 pm.

Covering up of short positions by speculators and increased demand at spot markets ahead of festive season also influenced gold futures prices here, traders said.

Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets where it climbed to this month’s highest level and rising demand at domestic spot markets.

Published on August 13, 2013
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