Gold futures marginally up on global cues

Hopes of steps from US central banks to boost the ecoonmy pulled prices higher

prices rose by 0.29% to Rs 29,559 per 10 grams in trading today as speculators enlarged positions amid a firming trend in the global markets.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 86, or 0.29%, to Rs 29,559 per 10 grams, with a business turnover of 2,161 lots.

The October contract moved up by Rs 82, or 0.28%, to Rs 29,869 per 10 grams, with a business turnover of 78 lots.

Market analysts attributed the rise in gold futures to a firming in the global on signs of increased investment demand amid speculation that central banks will take more steps to boost growth.

Meanwhile, gold traded a shade higher at $1,617.40 an ounce in Singapore.

image
Business Standard
177 22
Business Standard

Gold futures marginally up on global cues

Hopes of steps from US central banks to boost the ecoonmy pulled prices higher

Press Trust of India  |  New Delhi 



prices rose by 0.29% to Rs 29,559 per 10 grams in trading today as speculators enlarged positions amid a firming trend in the global markets.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 86, or 0.29%, to Rs 29,559 per 10 grams, with a business turnover of 2,161 lots.

The October contract moved up by Rs 82, or 0.28%, to Rs 29,869 per 10 grams, with a business turnover of 78 lots.

Market analysts attributed the rise in gold futures to a firming in the global on signs of increased investment demand amid speculation that central banks will take more steps to boost growth.



Meanwhile, gold traded a shade higher at $1,617.40 an ounce in Singapore.

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Gold futures marginally up on global cues

Hopes of steps from US central banks to boost the ecoonmy pulled prices higher

Gold prices rose by 0.29% to Rs 29,559 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend in the global markets.

prices rose by 0.29% to Rs 29,559 per 10 grams in trading today as speculators enlarged positions amid a firming trend in the global markets.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 86, or 0.29%, to Rs 29,559 per 10 grams, with a business turnover of 2,161 lots.

The October contract moved up by Rs 82, or 0.28%, to Rs 29,869 per 10 grams, with a business turnover of 78 lots.

Market analysts attributed the rise in gold futures to a firming in the global on signs of increased investment demand amid speculation that central banks will take more steps to boost growth.

Meanwhile, gold traded a shade higher at $1,617.40 an ounce in Singapore.

image
Business Standard
177 22

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