Gold marginally up at Rs 27,369/10 gram in futures trade | business | Hindustan Times
Today in New Delhi, India
Dec 11, 2016-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Gold marginally up at Rs 27,369/10 gram in futures trade

business Updated: Jan 02, 2012 11:58 IST

PTI
Highlight Story

Gold prices rose by Rs 40, or 0.15 %, to Rs 27,369 per 10 grams in futures trade on Monday as speculators indulged in created fresh position on pick-up in demand in the spot market amid weakness in the rupee.

At the Multi Commodity Exchange counter, gold for delivery in February rose by Rs 40, or 0.15 %, to Rs 27,369 per 10 grams, with a business turnover of 1,254 lots.

Similarly, the metal for delivery in April gained Rs 34, or 0.12 %, to Rs 27,696 per 10 grams, with a business volume of 60 lots.

Analysts attributed the rise in gold prices to a weakening rupee, which plays an important role in fixing the landed cost of the dollar-traded metal.

Also, absence of cues as most of the global markets are closed on account of New Year, also shadowed the sentiments, they said.