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Gold futures trade higher on firm global cues
Gold futures price gained 0.19 per cent on the Multi Commodity Exchange on Friday as speculators indulged in creating fresh positions influenced by firming global trend.
Updated on: Aug 28, 2009, 14:26:16 IST
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Gold futures price gained 0.19 per cent on the Multi Commodity Exchange on Friday as speculators indulged in creating fresh positions influenced by firming global trend.
On the MCX counter, gold for December-month contract gained 0.19 per cent to Rs 15,063 per ten gram, with an open interest of 2,410 lots.
Similarly, the metal for delivery in October-month contract inched up by 0.17 per cent to Rs 15,052 per ten gram, clocking an open interest of 15,038 lots.
Market experts said fresh buying by speculators on hopes of pick up in demand ahead of marriage season and report of firming global trend mainly pushed up gold in futures trade.
Meanwhile, gold traded higher by 2.70 dollar to 948.20 dollar an ounce in the US market since last night.
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