For Quick Alerts
For Daily Alerts

Gold futures up on global cues

By Super

Gold futures up on global cues
Gold prices rose by 0.15% to Rs 29,580 per 10 grams in futures trade today after speculators enlarged positions on the back of positive global cues as the dollar weakened.


At the Multi Commodity Exchange, gold for February delivery was up by Rs 45, or 0.15%, to Rs 29,580 per 10 grams in business turnover of 976 lots.

The metal for delivery in April contracts moved up by Rs 43, or 0.15%, to Rs 29,155 per 10 grams in a turnover of 21 lots.

Analysts said a firming trend in global market as the dollar weakened, boosting the appeal of the precious metal as an alternative investment, mainly influenced gold prices at futures trade here.

Meanwhile, gold jumped 2.2% to $1,261.10 an ounce in New York yesterday.


Story first published: Wednesday, December 11, 2013, 13:50 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more