Gold & Silver

Gold futures up on global cues

PTI New Delhi | Updated on January 03, 2012 Published on January 03, 2012

Gold futures rose by 0.63 per cent to Rs 27,884 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 April rose by Rs 174 or 0.63 per cent to Rs 27,884 per 10 grams, with a business turnover of 297 lots.

Likewise, the metal for delivery in February gained Rs 168 or 0.61 per cent to Rs 27,550 per 10 grams, with a trading volume of 6,240 lots.

Market analysts attributed the rise in gold futures to a firming trend overseas on geopolitical tensions over Iran, spurring investors to buy the precious metal as a haven.

Meanwhile, gold rose by 1.10 per cent to $1,583.60 an ounce in Singapore.

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Published on January 03, 2012
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