New Delhi : Gold prices recovered marginally in early trade in the futures market on buying by traders to meet the coming festival demand as well as firm global cues.
The precious metal for far month April 2009 contract rose by 1.55% to Rs13,100 per 10 gram on the Multi Commodity Exchange at 1130 hours in a trading volume of one lots.
The August contract also improved by 1.29% at Rs12,787 with trading volume of 5,758 lots and October contract by 1.27% at Rs12,885 per 10 gram in a volume of 674 lots. December contract improved by 1.32% at Rs12,980 per 10 gram in trading of seven lots.
“Trading sentiment turned bullish after a two-day gap as the metal in the US market surged to 928.45 dollar an ounce on the back of rebound in crude oil,” traders said.
Similarly, September contract of silver rose by 1.83% to Rs24,720 per kg with trading volume of 5,454 lots, while December contract was up by 1.7% to Rs25,001 per kg. It recorded a business volume of 23 lots.