Comments
Reversing early weak trend, gold prices rebounded by 1.56 per cent to Rs 29,401 per ten gram at the futures trade today as speculators indulged in creating fresh positions, tracking a firm global trend.
On the Multi Commodity Exchange, gold for delivery in December recovered by Rs 453 or 1.56 per cent to Rs 29,401 per ten gram in a business turnover of 11,722 lots.
In a similar fashion, the yellow metal for delivery in far-month February moved up by Rs 433 or 1.51 per cent to Rs 29,101 per ten gram in 260 lots.
Market analysts said fresh positions built-up by speculators on the back of a firm global trend mainly led to a recovery in gold futures.
Meanwhile, gold jumped 0.8 per cent to $1,292.44 an ounce in London.
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.