Gold up 0.1% on global cues
Metal for delivery in the far-month April edged higher by 0.04%
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Gold prices rose by Rs 28 to Rs 28,859 per 10 gram in futures trade today as speculators created fresh positions, taking cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in February rose by Rs 28, or 0.10%, to Rs 28,859 per 10 gram, with a business turnover of 139 lots.
Similarly, the metal for delivery in the far-month April edged higher by Rs 12, or 0.04%, to Rs 28,390 per 10 gram, with a trade volume of five lots.
Marketmen said fresh positions built up by speculators in line with global trend before the Federal Reserve starts a two-day meeting today as investors await the central bank's decision on the timeline for reducing stimulus in the US, mainly led to a rise in gold futures prices.
Globally, the gold in New York rose by $9.80 to $1,244.40 an ounce in yesterday's trade.
At the Multi Commodity Exchange, gold for delivery in February rose by Rs 28, or 0.10%, to Rs 28,859 per 10 gram, with a business turnover of 139 lots.
Similarly, the metal for delivery in the far-month April edged higher by Rs 12, or 0.04%, to Rs 28,390 per 10 gram, with a trade volume of five lots.
Marketmen said fresh positions built up by speculators in line with global trend before the Federal Reserve starts a two-day meeting today as investors await the central bank's decision on the timeline for reducing stimulus in the US, mainly led to a rise in gold futures prices.
Globally, the gold in New York rose by $9.80 to $1,244.40 an ounce in yesterday's trade.
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First Published: Dec 17 2013 | 3:24 PM IST