Spot gold up at Rs 28,075 per 10 grams

Business

oi-Sneha

By Sneha B K

Published: Tuesday, April 10, 2012, 12:51 [IST]

Gold futures rallied on Monday, even as equities drifted lower, as risk averse investors propped up demand for the yellow metal.

Gold and bullion trading continued to witness normal trading, following the 21 days strike called by jewellers after the announcement of the Union Budget. Spot gold was seen trading up at Rs 28,075 per 10 grams, whereas spot silver for 1 kg was seen trading lower at Rs 55,776.

Meanwhile, gold for delivery in June at the Multi Commodity Exchange, was seen trading at Rs 28,328 per 10 grams up Rs 131 at 02.45 pm IST. It touched an intraday high of Rs 28,374 per 10 grams.

And, the metal for August contract delivery was at Rs 28,710 per 10 grams up Rs 125.

International gold was seen at US$1,641.63 a troy ounce.

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