Gold futures up on firm Asian cues, domestic demand
Buoyed by the firming trend in the Asian trade and strong domestic demand, gold futures prices rose by Rs 52 to Rs 20,205 per 10 gram today.
At the Multi Commodity Exchange counter, gold for delivery in April edged up by Rs 52, or 0.26 per cent, to Rs 20,205 per 10 gram, with a business turnover of just one lot.
Gold for February delivery also traded higher by Rs 43, or 0.22 per cent, to Rs 20,043 per 10 gram, clocking a trade volume of 167 lots, while for the December delivery, the precious metal was up by Rs 51, or 0.20 per cent, to Rs 19,858 per 10 gram, clocking a turnover of 2,970 lots.
Analysts said firming trend in the Asian region after gold shot up by $2.20 to 1,363 an ounce, driven by a weaker dollar and strong demand at domestic markets for the festive and marriage season, mainly influenced gold futures prices here.