New Delhi: Gold in futures market improved marginally by 0.11% in early trade on 19 June as traders enlarged their positions influenced by a firming global trend.
At 1130 hrs on the Multi Commodity Exchange, gold for near-month August contract rose by 0.10% at Rs12,401 per 10 gram as the metal ended higher in New York on speculation that the Fed might not raise borrowing costs.
The precious metal for October contract rose by 0.11% at Rs12,499 per 10 gram. Both the contract, August and October, recorded a business volume of 33 and 2167 lots respectively.
The Gold in New York Mercantile Exchange for August delivery rose $6.60, or 0.7% to $893.50 an ounce. The gold in domestic markets generally move in tandem with the global trend.