Gold, silver recover in futures trade

Gold, silver recover in futures trade
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First Published: Mon, Jun 30 2008. 05 06 PM IST
Updated: Mon, Jun 30 2008. 05 06 PM IST
PTI
New Delhi: Gold and silver prices recovered part of their losses in futures trading on revival of buying by stockists at existing lower levels and firming trend in global markets.
“A weakening dollar has boosted demand for the precious metals (which are being seen) as safe investment,” said bullion trader Surender Jain, adding that the rising global trend further fuelled buying.
At 12:30pm, gold for delivery in December rose 0.92% to Rs13,083 per 10 gram on the Multi Commodity Exchange.
October gold rose 0.68% to Rs13,018 and August gold by 0.65% at Rs12,915 per 10 gram.
Silver for December delivery rose 2.56% to Rs25,541 per kg on the MCX at 12:30pm.
March silver rose by 1.8% to Rs25,193 per kg, while the September contract gained 0.51% to Rs24,854.
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First Published: Mon, Jun 30 2008. 05 06 PM IST
More Topics: Futures | Gold | Silver | MCX | Bullion |