Monday, May 13, 2013

Gold prices up by 0.25 pc in futures trade on firm global

New Delhi,May 14,2013:-

Backed by firm global trends, gold prices rose by 0.25 per cent to Rs 27,141 per 10 gm in future trade on Tuesday as speculators enlarged their positions.

Gold for delivery in far-month August rose by Rs 62, or 0.25 per cent, to Rs 27,141 per 10 grams, with a business turnover of 174 lots at the Multi Commodity Exchange.

In a similar fashion, the metal for delivery in June moved up by Rs 60, or 0.24 per cent, to Rs 26,914 per 10 grams, with a trade volume of 792 lots.

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as a three-day declining streak lure some buyers.

Meanwhile, gold rose by 1.10 per cent to $1,445.57 an ounce in Singapore in early trade on Tuesday.

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