Gold up 0.3% on global cues
Metal for delivery in June moved up by 0.27%
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Gold prices rose 0.35% to Rs 28,481 per 10 grams in futures trade as speculators created fresh positions after the precious metal climbed to over one-week high in the global markets.
At the Multi Commodity Exchange, gold for delivery in August was up by Rs 98, or 0.35%, to Rs 28,481 per 10 grams in a business turnover of 13 lots.
The metal for delivery in June moved up by Rs 79, or 0.27%, to Rs 28,984 per 10 grams in a turnover of 413 lots.
Market analysts said recovery in the precious metal in the global market where it soared to more than one-week level as a worsening crisis in Ukraine fuelled haven demand, influenced gold prices at futures trade here.
Meanwhile, gold rose by 0.30% to USD 1,306.59 an ounce in Singapore, the highest since April 16.
At the Multi Commodity Exchange, gold for delivery in August was up by Rs 98, or 0.35%, to Rs 28,481 per 10 grams in a business turnover of 13 lots.
The metal for delivery in June moved up by Rs 79, or 0.27%, to Rs 28,984 per 10 grams in a turnover of 413 lots.
Market analysts said recovery in the precious metal in the global market where it soared to more than one-week level as a worsening crisis in Ukraine fuelled haven demand, influenced gold prices at futures trade here.
Meanwhile, gold rose by 0.30% to USD 1,306.59 an ounce in Singapore, the highest since April 16.
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First Published: Apr 28 2014 | 11:18 AM IST