Gold up 0.2% on firm global cues, spot demand

Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas markets

Press Trust of India New Delhi
Last Updated : Oct 08 2013 | 12:37 PM IST
Gold futures prices today rose by 0.22% to Rs 29,549 per 10 gram as speculators enlarged positions, largely in tandem with a firming trend overseas.

At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 63, or 0.22%, to trade higher at Rs 29,549 per 10 gram in a turnover of 1,349 lots.

Similarly, the metal prices for delivery in February edged up by Rs 22, or 0.05%, to Rs 29,230 per 10 gram, clocking a business volume of 9 lots.

Also Read

Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas markets, besides rising demand in the domestic markets for the ongoing festive and marriage season.

Gold rose by 0.17% to $1,324.70 an ounce in Singapore today.
*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: Oct 08 2013 | 12:35 PM IST

Next Story