Gold futures up on firm global cues

Gold futures up on firm global cues
PTI
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First Published: Mon, Aug 18 2008. 03 51 PM IST
Updated: Mon, Aug 18 2008. 03 51 PM IST
New Delhi: Gold prices strengthened today on the domestic futures market on revival of buying by stockists tracking a better global trend.
The February contract for gold moved up by 1.24% to Rs11,630 per 10 grams on the Multi Commodity Exchange in afternoon trade with a trading volume of five lots.
Similarly, December contract rose by 1.17% at Rs11,512 with trading volume of 335 lots, the October contract by 1.15% at Rs11,388 with trading volume of 9,022 lots.
Trading sentiments turned better on reports of crude oil rebounding from record low and fresh demand from jewellery fabricators to meet the ongoing festival demand.
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First Published: Mon, Aug 18 2008. 03 51 PM IST
More Topics: Futures | Gold | Bullion | MCX | Silver |