Advertisement

HindustanTimes Sat,20 Dec 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.

Advertisement

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.


Advertisement
more from Business

Land acquisition rules delaying investments: economic review

The stringent land acquisition rules are probably blocking investments and key projects, the Mid-Year Economic Analysis 2014-15 tabled in Parliament indicated on Friday, suggesting changes to the existing law.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved