Gold futures for February 2012 contract, at MCX, were trading at Rs. 27,685 per 10 grams, up by 0.10% after opening at Rs. 27,689 against the previous closing price of Rs. 27,657. It touched the intra-day high of Rs. 27,701 till the trading. (At 10.55 AM today).
At the Commodity Exchange (COMEX), gold future for February 2012 delivery traded at US$1,644.9 per ounce, up by 0.32%. It opened at US$1,643.5 against the previous closing price of US$1,639.6. It touched the intra-day high of US$1,645.2. (At 11.05am 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