Gold futures spurt on firm global cues

Reading Time: < 1 minute

Tracking a firm global trend, gold prices surged 1.14 per cent to Rs.26,421 per ten grams in futures trade today as speculators enlarged their positions.
At the Multi Commodity Exchange, gold for delivery in August contract rose by Rs.297, or 1.14 per cent to Rs.26,421 per ten grams in business turnover of 9 lots. Similarly, the yellow metal for delivery in June contract gained Rs.287, or 1.12 per cent to Rs.25,987 per ten grams in 2,528 lots.
Market analysts said speculators enlarged their positions in tandem with a firming global trend mainly led to rise in gold prices at futures trade. Meanwhile, gold rose 2.6 per cent to USD 1,426.05 an ounce in London.

Source: Economictimes.Indiatimes.com
Source: Bullion Bulletin

Share on

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu