At the Commodity Exchange (COMEX), gold future for February 2012 delivery traded at US$1,625 per ounce, up by 0.30%. It opened at US$1,622.4 against the previous closing price of US$1,620.1. It touched the intra-day high of US$1,628.9. (At 10.15am IST).
Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.
Some of the worlds gold markets are OTC markets at London (LBMA), New York and Zurich, Gold derivative exchanges at New York; CME (COMEX), Tokyo (TOCOM) and Mumbai (MCX) while Istanbul, Dubai, Hong Kong and Singapore are doorways to important consuming regions.
Dion Global Solutions Ltd