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Gold futures recover 0.2% on global cues

Prices recovered as speculators created fresh positions taking

Press Trust of India New Delhi
Gold prices recovered by Rs 60, or 0.23%, to Rs 26,471 per 10 gm in futures trade as speculators created fresh positions taking positive cues from the global market.

At the Multi Commodity Exchange (MCX), the June contracts up by Rs 60, or 0.23%, to Rs 26,471 per 10 gm in 1,292 lots.

The August contracts moved up by Rs 58, or 0.22%, to Rs 26,702 per 10 gm in 373 lots.

Analysts said a firming trend in global market as lower prices lure buyers, mainly influenced gold prices at futures trade here.

In Singapore, gold rose by 0.70% to $1,390.30 an ounce.
 

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First Published: May 30 2013 | 2:14 PM IST

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