New Document top_band
Business Standard

Gold surges 1.5% in futures trade on global cues

A firming trend in the domestic spot markets on the back of increased buying influenced prices

Read more on:    Gold | Prices | Multi Commodity Exchange
Gold Coins
Gold image via Shutterstock
Related News

rose sharply by Rs 424, or 1.53%, to Rs 28,180 per 10 gm in futures trade on firm global cues.
     
At the Multi Commodity Exchange, gold for delivery in far-month December was up sharply by Rs 424, or 1.53%, to Rs 28,180 per 10 gm in business turnover of 63 lots.
     
The metal for delivery in October also moved up by Rs 422, or 1.53%, to Rs 28,328 per 10 gm in a turnover of 1,627 lots.
     
Analysts said a firming trend in the global market where gold climbed to the highest level this month after holdings in the biggest bullion-backed exchange-traded product expanded for the first time since June, mainly supported the upside in the precious metal prices at futures trade here.
     
Besides, a firming trend in the domestic spot markets on the back of increased buying for the festive and marriage season also influenced prices, they said.
     
Meanwhile, gold rose by 1.50% to $1,333.94 an ounce in Singapore, the highest price since July 31. 

Read more on:   
|
|

Read More

Gold trades at big premium as import restriction hits supply

Premiums for delivery Rs 900 per 10 gram, importers, traders mint monet due to restriction on imports

Quick Links

 

Market News

Deepak Fertilisers slips on weak June quarter results

The stock dipped 7% to Rs 166 after reporting 7% yoy decline in net profit at Rs 40 crore for the quarter ended June 2014.

Bajaj Electricals dips as Q1 profit lags estimates

The stock dipped nearly 8% to Rs 308, falling 11% from intra-day high on Bombay Stock Exchange.

Broader markets in focus; IRB Infra up 7%

Sensex, Nifty flat ahead of the expiry of July derivative contracts

Cadila Healthcare tanks 10% on Citi downgrade

At 1140, the stock was trading 4% lower at Rs 1,120, erasing most of its losses on the National Stock Exchange.

Chilli up 1.4% on tight supply, strong demand

Analysts said fresh positions built-up by speculators on the back of upsurge in demand in the spot market mainly pushed up chilli prices at ...

Back to Top