Gold futures marginally up on global cues

Agencies : New Delhi , Wed Jul 04 2012, 12:42 hrs

Ads by Google

Top Stories

Gold prices rose by 0.29 per cent to Rs 29,559 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend in the global markets.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 86, or 0.29 per cent, to Rs 29,559 per 10 grams, with a business turnover of 2,161 lots.

Similarly, the metal for delivery in October moved up by Rs 82, or 0.28 per cent, to Rs 29,869 per 10 grams, with a business turnover of 78 lots.

Market analysts attributed the rise in gold futures to a firming in the global markets on signs of increased investment demand amid speculation that central banks will take more steps to boost growth.

Meanwhile, gold traded a shade higher at USD 1,617.40 an ounce in Singapore.

Ads by Google

ALSO READ

Deutsche Bank sees Sensex at 22,500 by Dec, further rate cuts

BSE Sensex index gained 0.47%, while the 50-share NSE Nifty index ended up 0.52%. (Reuters)

BSE Sensex rises 98 pts, RIL, Infosys, TCS shares lead gains

Market watchdog Sebi is mulling over steps it can take to check risks being posed by new-age mobile applications. (Reuters)

BlackBerry Messenger, WhatsApp manipulation: Sebi eyes crackdown

Q4 results, IIP data to drive markets this week: Experts

Please read our terms of use before posting comments

TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).