Gold & Silver

Gold futures up at Rs 27,537 per 10 grams

PTI New Delhi | Updated on January 17, 2012 Published on January 17, 2012

Gold futures rose 0.19 per cent to Rs 27,537 per 10 grams today, as speculators created fresh positions on the back of a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in February rose Rs 53 or 0.19 per cent to Rs 27,537 per 10 grams with a business turnover of 796 lots. Similarly, February contract also rose by a similar margin to Rs 27,890 per 10 grams with a trading volume of 24 lots.

Market analysts attributed the rise in gold futures to a firming trend overseas on the back of an increase in physical and investment demand for the precious metal.

Meanwhile, gold rose 0.6 per cent to $1,653 an ounce in Singapore in early trade today.

Published on January 17, 2012
This article is closed for comments.
Please Email the Editor