A Oneindia Venture
News Personal finance Gold rates Silver rates Mutual funds IPO MSME
Gold Rates
Silver Rates
Platinum Rates
Fuel Price
Holidays
Banking
Lottery
Calculators
Savings Scheme
Get Updates
Get notified about market trends, financial advice, and investment tips!
English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,445/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 94.38 USD ₹ 93.95
Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,445/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 94.38 USD ₹ 93.95
Home News Business
India gold, silver edges up marginally
By
Add as a preferred source on Google

gold silver
Gold and silver edged up marginally on the Multi Commodity Exchange (MCX) on the first trading day of 2012, supported by weak rupee and negative sentiment in domestic equities. Traders created fresh speculative positions in precious metals due to absence of market activity in rest of the world as most of global markets remained closed today on the occasion of New Year.

Gold for February delivery on MCX opened at Rs 27,300 per 10 grams and was trading at Rs 27,354 – Rs 27,356 per 10 grams at 12:50 pm IST. It touched an intraday high of Rs 27,385 per 10 grams.

The metal for April delivery opened at Rs 27,651 per 10 grams and was trading up by mere Rs 30 same time.

MCX spot gold was seen marginally up at 27,179 per 10 grams.

On domestic front, 24 carat gold stood at Rs 27,360 per 10 grams and 22 carat gold at Rs 25,590 per 10 grams.

Silver futures also followed the same trend, silver for March delivery opened at Rs 51,000 per kg and was seen trading at Rs 51,304 – Rs 51,310 per kg.

Overseas gold ended little higher on Friday at $1,566 an ounce on Comex division of New York Mercantile Exchange (NYME).

Markets may remain range-bound today in the absence of any major cues from global economy.

GoodReturns.in

Share This Article
Story first published: Monday, January 2, 2012, 13:16 [IST]
See More On: gold, silver, mcx, futures
Other articles published on Jan 2, 2012

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out