Advertisement

HindustanTimes Thu,21 Aug 2014

Gold futures up 0.35% on firm global cues

PTI   New Delhi, July 26, 2013
First Published: 12:31 IST(26/7/2013) | Last Updated: 12:32 IST(26/7/2013)

Gold futures prices today rose by 0.35% to Rs. 27,500 per 10 grams as speculators enlarged positions, largely in tune with a firming trend overseas as US economic data backed the case for sustained monetary stimulus.

Advertisement

At the Multi Commodity Exchange, metal prices for delivery in August gained Rs. 96, or 0.35%, to trade higher at Rs. 27,500 per 10 gm in a turnover of 2,823 lots.

Similarly, the metal prices for delivery in far-month October edged up by Rs. 94, or 0.34%, to Rs. 27,499 per 10 gm, clocking a business volume of 599 lots.

Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas markets as US economic data backed the case for sustained monetary stimulus, boosting appeal of the precious metal as a safe haven investment.

Globally, gold rose by 0.60%, to $1,341.20 an ounce in Singapore today.


Advertisement
more from Business

Activa pips Splendor to July best-seller spot

With automatic scooters getting back in vogue, scooter market leader Honda Activa surged ahead of long time market leader Hero Splendor to emerge as the largest selling two-wheeler in the country in July 2014.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved