Gold futures recover on better global cues

Gold futures recover on better global cues
PTI
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First Published: Wed, Jun 24 2009. 04 29 PM IST
Updated: Wed, Jun 24 2009. 04 29 PM IST
New Delhi: Gold futures on Wednesday gained 0.21% on the Multi Commodity Exchange (MCX) as speculators indulged in creating fresh position on the back of firming global trend.
At 2:10pm, on the MCX platform, gold for the most-active August contract recovered 0.21% to Rs14,516 per 10 gram with an open interest in 13,942 lots. It had lost 0.26% in previous day’s trading.
Similarly, gold for delivery in October-month contract gained 0.19% to Rs14,520 per 10 gram, clocking a turnover of 1,201 lots.
Marketmen said fresh buying by speculators in the wake of firming trend in the Asian region mainly led to recovery in gold prices at the futures market here.
Meanwhile, gold prices ended higher in the Asian region at $927.00 an ounce against last close of $919.40.
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First Published: Wed, Jun 24 2009. 04 29 PM IST
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