Gold futures recover on firm Asian cues
- Spot-fixing: Chandila was in touch with four sets of bookies, says Delhi Police
- Chinese Premier Li Keqiang arrives, to hold talks with PM on boundary, water issues
- IPL 2013: Delhi Daredevils crash to defeat, finish last
- Jaganmohan's wife attacks CBI, accuses it of working at Congress behest
- Blast accused death: UP govt seeks CBI probe, FIR against 42 persons
Gold prices recovered by Rs 136 to Rs 28,098 per 10 gm in futures trading today, as speculators created fresh positions after the precious metal rebounded in global markets.
At the Multi Commodity Exchange, gold for delivery in June rose by Rs 136, or 0.49 per cent, to Rs 28,098 per 10 gm in business turnover of 1,859 lots.
Similarly, the metal for delivery in August moved up by Rs 130, or 0.46 per cent, to Rs 28,487 per 10 gm in 286 lots.
Market analysts attributed the rise in gold futures to firming trend in the Asian region after Federal Reserve policymakers said more money easing may be needed and retreat in dollar, raising demand for precious metals as an alternative investment.
Meanwhile, gold traded higher by 0.79 per cent to USD 1,552.40 an ounce in Singapore.
- Former Ranji player among 3 more held
- Rajasthan Royals to file FIR against tainted trio
- If found guilty, BCCI to ask ICC to erase Sreesanth records
- Top cops among 42 named in death of blast accused
- PM takes tough line on incursion issue
- Security forces blame Maoists, villagers say CoBRA man was killed in ‘friendly fire’