Gold futures recover on firm Asian cues

  • PTI, New Delhi
  • |
  • Updated: May 08, 2013 12:50 IST

Gold futures prices recovered marginally by 0.16% to Rs. 26,763 per 10 gm on Wednesday largely in tune with a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs. 43, or 0.16%, to Rs. 27,097 per 10 gm, with a business turnover of 27 lots.

Similarly, the metal for delivery in June moved up by Rs. 41, or 0.15%, to Rs. 26,722 per 10 gm, with a trade volume of 977 lots.

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets on the back of rising physical demand for gold in China.

Meanwhile, gold rose by 0.20% to $1,455.60 an ounce in Singapore in early trade on Wednesday.

 

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