Gold futures advances on MCX

Business

oi-Sneha

By Sneha B K

Published: Friday, February 17, 2012, 15:42 [IST]

Gold futures rose on Friday as investors are optimistic on a solution to the economic crisis in Greece. Gold gains was also aided by weak dollar as the weaker dollar always aid precious metals.

Gold for April delivery contract on Multi Commodity Exchange (MCX) was trading at Rs 28,176 per 10 grams up by Rs 49 at 3.15 pm IST.

Similarly, the metal for June contract up by Rs 44 to Rs 28,533 per 10 grams.

Spot gold increased and was seen trading low at Rs 27,855 per 10 grams and silver rose to Rs 55,655 per kgs.

Domestically, Gold of 99.9 rose Rs 40 at Rs 28,300 and 99.5 at Rs 28,160 per 10 grams

While, silver for March delivery on MCX was seen trading at 56,336 per kgs up Rs 120.

International gold was seen trading up at US $1,733 a troy ounce.

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