Gold up 0.5% on firm global cues
Metal for delivery in June moved up by 0.49%
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Gold futures rose by 0.50% to Rs 28,443 per 10 gm today as speculators enlarged positions on the back of firming global trends.
At the Multi Commodity Exchange, gold for delivery in far-month August rose by Rs 142, or 0.50%, to Rs 28,443 per 10 grams, with a business turnover of 90 lots.
In a similar fashion, the metal for delivery in June moved up by Rs 140, or 0.49%, to Rs 28,930 per 10 grams, with a trade volume of 1,763 lots.
Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as the conflict between Russia and Ukraine fuelled demand and buying increased in China, the world's largest consumer.
Meanwhile, gold rose by 0.79% to USD 1,293.90 an ounce in New York yesterday.
At the Multi Commodity Exchange, gold for delivery in far-month August rose by Rs 142, or 0.50%, to Rs 28,443 per 10 grams, with a business turnover of 90 lots.
In a similar fashion, the metal for delivery in June moved up by Rs 140, or 0.49%, to Rs 28,930 per 10 grams, with a trade volume of 1,763 lots.
Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as the conflict between Russia and Ukraine fuelled demand and buying increased in China, the world's largest consumer.
Meanwhile, gold rose by 0.79% to USD 1,293.90 an ounce in New York yesterday.
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First Published: Apr 25 2014 | 1:28 PM IST