HindustanTimes Wed,01 Oct 2014

Gold futures rise on positive global cues

PTI  New Delhi, April 26, 2013
First Published: 11:57 IST(26/4/2013) | Last Updated: 12:02 IST(26/4/2013)

Gold prices rose Rs. 152 to Rs. 27,193 per ten grams in futures trading today as speculators enlarged their positions, taking positive cues from overseas markets.


At the Multi Commodity Exchange, gold for delivery in June rose Rs. 152, or 0.56 per cent to Rs. 27,193 per ten grams in business turnover of 3117 lots.

Similarly, the yellow metal for delivery in August moved up by Rs. 144, or 0.52 per cent to Rs. 27,596 per ten grams in 94 lots.

Market analysts said speculators enlarged their positions on the back of a firming global trend, that mainly led to rise in gold prices at futures trade.

Meanwhile, gold climbed 1.2% to $1,485.50 an ounce, the highest since April 15 in Singapore.

more from Business

Rajan holds interest rates, EMIs unlikely to dip soon

The Reserve Bank of India (RBI) kept rates on hold on Tuesday despite pressure from industry and government hopes that the central bank would lower borrowing costs to aid an incipient economic recovery.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved