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HindustanTimes Wed,30 Jul 2014

Gold futures up on firm global cues

PTI  New Delhi, May 03, 2013
First Published: 11:05 IST(3/5/2013) | Last Updated: 11:06 IST(3/5/2013)

Gold futures prices rose by 0.38% to Rs. 27,016 per 10 gm on Friday as speculators enlarged their positions on the back of firming global trends.

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At the Multi Commodity Exchange, gold for delivery in June rose by Rs. 102, or 0.38%, to Rs. 27,016 per 10 grams, with a business turnover of 1,757 lots.

In a similar fashion, the metal for delivery in August moved up by Rs. 94, or 0.34%, to Rs. 27,350 per 10 grams, with a trade volume of 116 lots.

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets on optimism that stimulus will be sustained, countering a drop in bullion-backed exchange-traded products.

Meanwhile, gold rose by 0.70% to $1,477.25 an ounce in Singapore in early trade on Friday.


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