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Gold remains higher on better global cues

Gold remains higher on better global cues
PTI
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First Published: Wed, May 13 2009. 01 07 PM IST
Updated: Wed, May 13 2009. 01 07 PM IST
New Delhi: Gold prices gained 1.09% on the Multi Commodity Exchange on Wednesday on constant buying by speculators in tandem with better global trend.
On the MCX, at 11:45am gold for the most active October month contract rose by 1.09% to Rs14,750 per ten gram in trading of single lot.
The metal for delivery in August gained 0.16% to Rs14,718 per ten gram with trading volume of 206 lots.
The continued rise in gold mostly attributed on sustained buying by jewellers to meet the current marriage season demand.
The rising trend in overseas market where gold prices touching a $925 an ounce in New York last night also supported the uptrend.
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First Published: Wed, May 13 2009. 01 07 PM IST
More Topics: Futures | Gold | Commodity | Bullion | Stocks |