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Source: media reports

Gold futures up on firm global cues

Gold futures up on firm global cues
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First Published: Wed, Apr 22 2009. 12 39 PM IST
Updated: Wed, Apr 22 2009. 12 39 PM IST
New Delhi: Gold futures on Wednesday rose by 0.29% on sustained buying by traders and speculators on the back of a firming global trend.
On the Multi Commodity Exchange at 11:15am, gold for the most-active August-month contract gained 0.29% to Rs14,333 per 10 gram, in trading of 45 lots.
The yellow metal for the June-month contract traded 0.24% higher at Rs14,328 in 1,474 lots.
Traders said a pick-up in demand in the spot market and reports of a firming trend in the overseas market, mainly pushed up gold prices.
Meanwhile, gold in the Asian market traded lower at around $887.10 an ounce against $894.30.
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First Published: Wed, Apr 22 2009. 12 39 PM IST