Gold futures rise marginally; silver trading higher

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Gold futures rise marginally; silver trading higher
Gold futures rose marginally on Monday as speculators created fresh positions amid firming global trend and weaker dollar boosted the sentiment. Where as Silver was trading higher following positive global trend.

Dealers said the rise in precious metal is due to firming trend in metals overseas.

At the Multi Commodity Exchange, Gold for February delivery rose by Rs 42 or 0.15% at Rs 27,532 at 2.50 pm IST and touched intraday high of Rs 27,581.

Similarly, the metal for April contract up by Rs 70 or 0.25% to Rs 27,955. Spot gold also rose and was seen trading at Rs 27,498.00, While Spot silver was at Rs 54,905.00.

While, silver for march delivery also rose by Rs 420 or 0.76% at Rs 55,968 and touched intraday high of Rs 56,310.00

US spot gold was seen hovering at $1,674 an ounce.

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Read more about: gold, silver, futures, mcx
Story first published: Monday, January 23, 2012, 15:14 [IST]
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