Tuesday 8 October 2013

Gold futures rise to Rs 29,549 per 10 gm


Gold futures prices today rose 0.22 per cent to Rs 29,549 per 10 gram as speculators enlarged positions, largely in tandem with a firm trend overseas.

On the Multi Commodity Exchange, the metal prices for delivery in December gained Rs 63 or 0.22 per cent to trade at Rs 29,549 per 10 gram in a turnover of 1,349 lots.

Similarly, the metal prices for delivery in February 2014 edged up by Rs 22 or 0.05 per cent to Rs 29,230 per 10 gram clocking a business volume of 9 lots.

Analysts attributed the gains in the precious metal at the futures trade to a firm trend in overseas markets, besides rising demand in the domestic markets for the ongoing festive and marriage season.

Meanwhile, the yellow metal rose 0.17 per cent to $1,324.70 an ounce in Singapore today.

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