Gold rises marginally amid global cues

Business

oi-Sneha

By Sneha B K

Published: Friday, January 6, 2012, 16:48 [IST]

Precious metal rose marginally on Friday with overseas spot gold hovering around $1,621.70 a troy ounce on the back of mixed investors' sentiments.

Investors are concerned over euro zone debt crisis and sought safety in precious metal.

The gold for February delivery on the Multi Commodity Exchange (MCX) at 3.10 pm IST, was trading at Rs 27,835.00. It opened at Rs 27,830 per 10 grams. It touched intraday high of Rs 27,796.00.

MCX spot gold was trading at Rs 27,820 per 10 grams, while spot silver at Rs 51,775 per kg.

While, silver for March delivery on MCX opened at Rs 52,625 per kg and was trading in the range of Rs 52,628 – Rs 52,632 per kg same time.

The partially convertible Indian Rupee appreciated further on Friday and was seen trading at Rs 52.77 per dollar.