gold
Gold prices rose 0.19 per cent to Rs 26,448 per 10 grams at the futures trade today as participants engaged in enlarging positions due to a firm trend overseas.
On the Multi Commodity Exchange, the metal for delivery in far-month October gained Rs 49 or 0.19 per cent to trade at Rs 26,448 per 10 grams in a turnover of four lots.
Similarly, the metal for delivery in August moved up by Rs 34 or 0.13 per cent to Rs 26,364 per 10 grams, clocking a business volume of 136 lots.
Analysts said that a firm trend in global markets on concerns that a US recovery may stall and violence in Iraq will escalate boosted safe-haven demand and supported the rise in gold prices at the futures trade here.
Globally, the yellow metal climbed 0.2 per cent to 1,275.65 an ounce in Singapore today, the highest level since May 27.
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Published on June 13, 2014
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