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HindustanTimes Thu,28 Aug 2014

Gold a shade higher in futures trade on global cues

PTI  New Delhi, December 31, 2012
First Published: 12:38 IST(31/12/2012) | Last Updated: 12:39 IST(31/12/2012)

Taking positive cues from the global market, gold prices rose marginally by 0.15% to Rs. 31,226 per 10 grams in futures trade on Monday as speculators created fresh positions.

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At the Multi Commodity Exchange, gold for delivery in April moved up by Rs. 48, or 0.15%, to trade at Rs. 31,226 per 10 grams, with a turnover of 275 lots.

Similarly, gold for February delivery gained Rs. 39, or 0.13%, to Rs. 30,736 per 10 grams, with a business volume of 3,641 lots.

Marketmen said gains in gold prices at futures trade was mostly in line with a firming trend overseas as US lawmakers struggled to reach a budget deal before automatic tax increases and spending cuts start to take effect from Tuesday, boosting demand for a safe haven.

Globally, gold rose $6.50, or 0.39% to $1,662.80 an ounce in early trade in Singapore.


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