Gold futures up 0.5% on firm global cues
Prices went up as speculators enlarged positions
)
Gold futures for April rose by Rs 146, or 0.52%, to Rs 29,521 per 10 gm in 2,054 lots.
At the Multi Commodity Exchange (MCX), the June contract moved up by Rs 145, or 0.48%, to Rs 30,078 per 10 gm in 128 lots.
Prices went up as speculators enlarged positions.
Euro-zone fears returning on news that Cyprus was planning to tax bank depositors as part of a controversial bailout that triggered demand for the safe haven influenced gold futures trade here.
In Singapore, gold rose by 0.30% to $1,596.95 an ounce after jumping to $1,608.60, the most expensive since February 27 in early trade today.
At the Multi Commodity Exchange (MCX), the June contract moved up by Rs 145, or 0.48%, to Rs 30,078 per 10 gm in 128 lots.
Prices went up as speculators enlarged positions.
Euro-zone fears returning on news that Cyprus was planning to tax bank depositors as part of a controversial bailout that triggered demand for the safe haven influenced gold futures trade here.
In Singapore, gold rose by 0.30% to $1,596.95 an ounce after jumping to $1,608.60, the most expensive since February 27 in early trade today.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 18 2013 | 2:07 PM IST