Comments
Gold prices rose by 0.28 per cent to hit yet another high of Rs 22,538 per 10 grams in futures trade today riding on the firming global trend.
Firming trend at the domestic spot markets also supported the yellow metal to scale new high at futures trade.
At the Multi Commodity Exchange, gold for delivery in December gained Rs 63 or 0.28 per cent to trade at new record high of Rs 22,538 per 10 gram, clocking business turnover of one lot.
Likewise, the metal for delivery in June advanced by Rs 29 or 0.13 per cent, to Rs 21,600 per 10 gram, with a business volume of four lots.
Analysts said trading sentiments were buoyed by firming trend in global market, where gold surpassed all previous records by rising 0.1 per cent to record high of $1,488.68 an ounce on mounting inflation and Europe’s sovereign-debt crisis, prompting investors to seek a store of value.
Meanwhile, gold gained 0.10 per cent to $1,488.68 an ounce in the Asian trade at Singapore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.