Gold futures prices rise in global cues

Tracking a firming global trend,gold futures prices today rose by Rs 45 to Rs 29,018 per 10 grams as speculators created positions.

Written by Agencies | New Delhi | Published: May 21, 2012 1:22 pm

Tracking a firming global trend,gold futures prices today rose by Rs 45 to Rs 29,018 per 10 grams as speculators created positions.

At the Multi Commodity Exchange,gold for delivery in June rose by Rs 45,or 0.16 per cent,to Rs 29,018 per 10 grams in business turnover of 5,743 lots.

Similarly,the metal for August delivery edged up by Rs 34,or 0.12 per cent,to Rs 29,363 per 10 grams in 796 lots.

Market analysts attributed the rise in gold futures to a firming global trend.

Meanwhile,gold up 0.3 per cent to USD 1,598.25 an ounce,the highest since May 10 in Singapore.

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