×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Gold futures firm on strong global cues

Gold futures firm on strong global cues
Comment E-mail Print Share
First Published: Thu, Aug 21 2008. 12 22 PM IST
Updated: Thu, Aug 21 2008. 12 22 PM IST
PTI
New Delhi: Gold prices maintained their rising trend for the second day in futures market on the back of rising crude oil prices.
The gold, which was in positive zone in previous day’s trading, went up further after the metal rose in overseas markets as crude oil climbed to near $117 a barrel.
The near-month October contract of the precious metal gained 0.85% at Rs11,667 per 10 grams on the Multi Commodity Exchange with a trading volume of 2451 lots.
Similarly, the far-month December contract inched up by 0.81% at Rs11,771 per 10 grams. The contract recorded business volume of 207 lots.
Traders enlarging their holding ahead of ahead of marriage season and reports of better trend in global markets mainly pushed up gold prices in the futures market.
Comment E-mail Print Share
First Published: Thu, Aug 21 2008. 12 22 PM IST
More Topics: Commodities | Futures | Gold | Bullion | Dollar |