Gold futures up on firm global cues

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:33 PM IST

Gold prices rose by Rs 41 to Rs 23,169 per 10 grams in futures trade today as speculators created fresh positions on the back of a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December gained Rs 41, or 0.18% to Rs 23,169 per 10 grams, with a business turnover of two lots.

Likewise, the metal for delivery in June gained Rs 18, or 0.08% to Rs 22,149 per 10 grams, with a business volume of 11 lots.

Traders said fresh buying by speculators in tandem with a firming trend in Asian region led to the rise in gold futures prices.

Also, buying activity picked up at attractive low levels after a steep fall in last few sessions, they added.

Meanwhile, gold rose by 0.1% to $1,517.49 an ounce in the Asian region.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 05 2011 | 1:26 PM IST

Next Story