Gold up 0.2% on firm global cues

Globally, the metal rose 0.5% in Singapore, the highest level since Sept 10

<a href="http://www.shutterstock.com/pic-115284682/stock-photo-many-gold-bars-background.html?src=QiSnLYS6ChuD3R-AfZRaag-1-34" target="_blank">Gold</a> image via Shutterstock
Press Trust of India New Delhi
Last Updated : Mar 14 2014 | 11:28 AM IST
Taking positive cues from global markets, gold futures prices today rose further by 0.24% to Rs 30,126 per 10 grams as speculators enlarged positions.

At the Multi Commodity Exchange, metal for delivery in far-month June gained Rs 71, or 0.24%, to trade higher at Rs 30,126 per 10 gm in a turnover of 14 lots.

On the similar lines, the metal for delivery in April edged higher by Rs 61, or 0.20%, to Rs 30,610 per 10 gram, clocking a business volume of 254 lots.

Also Read

Analysts attributed rise in gold prices at futures trade to the precious metal's sustained rise in the global markets as escalating tension in Ukraine, before a vote in Crimea on breaking away to join Russia, and concern that China's growth is faltering boosted demand for safe-haven.

Globally, gold rose 0.5% to $1,376.64 an ounce in Singapore today, the highest level since September 10.
*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: Mar 14 2014 | 11:26 AM IST

Next Story