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Gold futures improve on global trends

Gold futures improve on global trends
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First Published: Mon, Aug 04 2008. 12 36 PM IST
Updated: Mon, Aug 04 2008. 12 36 PM IST
PTI
New Delhi: Gold prices traded marginally higher in futures market on emergence of stockists buying influenced by a firming global trend.
The precious metal for December contract rose by 0.46% to Rs12,750 per 10 gram on the Multi Commodity Exchange at 1200 hrs, in a trading volume of 20 lots.
The October contract also improved by 0.37% to Rs12,660 in trading of 1951 lots. Most active August contract also traded higher 0.31% at Rs 12,548 with trading volume of 96 lots.
Silver also recorded some improvement at initial stage as December contract rose by 0.67% to Rs24,900 per kg with trading volume of 9 lots. The near month September contract edged up 0.58% to Rs24,620 per kg with trading volume of 1488 lots.
“Trading activity picked in bullion prices after the metal in overseas markets traded higher on the back of a rising crude prices,” said bullion trader Ravi Jalan.
Gold rose 0.5% to $915.10 an ounce in Singapore and silver gained 0.6% at $17.58 an ounce in the opening session.
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First Published: Mon, Aug 04 2008. 12 36 PM IST
More Topics: Gold | Silver | Futures | Bullion | Commodities |