Gold futures regain 29k level on global cues

Gold prices rose by Rs 87 to 29,012 per 10 gm in futures trade on Monday as speculators created fresh positions,taking positive cues from overseas markets.

Written by Agencies | New Delhi | Published:May 28, 2012 3:29 pm

Gold prices rose by Rs 87 to 29,012 per 10 gm in futures trade on Monday as speculators created fresh positions,taking positive cues from overseas markets.

At the Multi Commodity Exchange,gold for delivery in June rose by Rs 87,or 0.30 per cent,to Rs 29,012 per 10 gm in business turnover of 8,330 lots.

Likewise,the metal for delivery in the August moved up by Rs 75,or 0.26 per cent,to Rs 29,355 per 10 gm in 1,731 lots.

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

Meanwhile,gold gained 0.5 per cent to USD 1,580.97 an ounce in Singapore.

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