Business Standard

Gold futures rise on global cues

Fresh positions built-up by speculators in tandem with a firm global trend as the US debt ceiling weakened the dollar

Related News

rose by Rs 63 to Rs 30,803 per 10 gm in futures trade today as speculators created fresh positions, taking positive cues from overseas markets.

At the Multi Commodity Exchange, February gold rose by Rs 63, or 0.20%, to Rs 30,803 per 10 gm, with a business turnover of 3,323 lots.

The April delivery moved up by Rs 60, or 0.19%, to Rs 31,467 per 10 gm, with a of 160 lots.

Marketmen said fresh positions built-up by speculators in tandem with a firm global trend as the US debt ceiling weakened the dollar, boosting appeal for the metal, mainly led to a rise in gold futures prices.

Globally, the gold in Singapore climbed 0.4% to $1,674 an ounce.

Read more on:   
|
|

Read More

Gems & jewellery exports fall 17% in 2012

Rupee depreciation protects decline, exports to rise 15-20% next financial yearIndias gems and jewellery (G&J) exports declined 17.09 per cent in ...

Quick Links

 

Market News

Petrochemicals prices start correcting

Polyester yarn industry worst affected, bearish outlook for benzene

Brent crude near $95 a barrel but worst seen over

Brent fell on Tuesday by the most since January 2 to $94.67 a barrel

FMC to make electronic contract note a part of KYC

ECN is electronic contract note. A contract note is a confirmation of trade in equity shares completed on a particular day for, and on behalf ...

Steel firms cautious on price cuts

But JSW Steel cuts prices by Rs 500-1,000 per tonne to compete with imports

Khadi sales register 6 per cent growth in 2013-14

Sale of khadi, a hand-woven cloth, registered a 6 per cent growth in 2013-14 across the country, while the gain in production during this period ...

Back to Top