Wednesday, April 21, 2010

Gold futures up on positive global trend

Gold prices rose by Rs 26 or 0.16 per cent to Rs 16,747 per ten gram in futures trading today on sustained buying and firming global trend.

At the Multi Commodity Exchange, gold for August-month contract rose Rs 26, or 0.16 per cent to Rs 16,747 per ten gram, with an open interest of 1,217 lots.

The metal for delivery in June contract also moved up Rs 23, or 0.14 per cent to Rs 16,650 per ten gram, with a business volume of 16,931 lots.

Marketmen said, sustained buying by traders after reports of firming global trend, led to a rise in gold prices at futures market.

Meanwhile, gold rose by $4 to $1,144.40 an ounce in the Asian region.

source: TOI