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Gold futures trade higher as demand picks up
Press Trust of India / New Delhi Aug 18, 2010, 14:40 IST

Gold tradingGold prices gained Rs 20, or 0.11 per cent, to Rs 18,663 per ten gram in futures trade today, as speculators enlarged their positions on good demand in the spot market in view of festive season.

At the Multi Commodity Exchange counter, gold for October gained Rs 20, or 0.11 per cent, to Rs 18,663 per ten gram, with an open interest of 19,663 lots.

Similarly, the metal for delivery in December traded higher by a similar margin at Rs 18,779 per ten gram, with a business turnover of 2,669 lots.

Market analysts said positions enlarged by speculators on pick up in demand in the spot market mainly led to a rise in gold prices at futures trade.

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