Monday 27 January 2014

Gold futures up 0.77% on global cues

New Delhi: Gold prices moved up by 0.77 per cent to Rs. 29,036 per ten gram in futures trade today as speculators buying, tracking a firm global trend.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs.223, or 0.77 per cent to Rs. 29,036 per ten grams in business turnover of 384 lots.

In a similar fashion, the metal for delivery in February moved up byRs. 151, or 0.51 per cent to Rs. 29,670 per ten gram in 1845 lots.

Analysts said speculators enlarged their positions in tandem with a firm global trend where gold rose to two-month high mainly led to rise in gold prices at futures trade.

Meanwhile, gold rose by 0.8 per cent to $1,279.61 an ounce, the highest level in Singapore since November 18.

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