Thursday, April 25, 2013

Gold prices climb on firm global cues in futures trading

Speculators enlarged their positions tracking a firm global trend that led the gold prices to climb up by Rs 280 to Rs 26,668 per ten grams in futures trading on Thursday.

At the Multi Commodity Exchange, gold for delivery in June climbed by Rs 280, or 1.06 per cent to Rs 26,668 per ten grams in business turnover of 4964 lots.

In a similar fashion, the yellow metal for delivery in August moved up by Rs 266, or 0.99 per cent to Rs 27056 per ten grams in 156 lots.

Market analysts attributed the rise in gold futures to a firm global trend.

Meanwhile, gold rose 1.1 per cent to $1,447.25 an ounce in Singapore.

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