Gold futures rise on global cues

Written by Agencies | New Delhi | Published: February 27, 2012 3:30 pm

Buoyed by a firming global trend,gold prices rose by Rs 48 to Rs 28,712 per ten grams in futures trade today.

At the Multi Commodity Exchange,gold for delivery in April month rose by Rs 48,or 0.17 per cent,to Rs 28,712 per ten grams in business turnover of 998 lots.

In a similar fashion,the metal for delivery in the June contract moved up by Rs 50,or 0.17 per cent,to Rs 29,075 per ten grams in 38 lots.

Analysts said apart from a firming trend in overseas markets,the ongoing marriage season demand at domestic markets mainly led to rise in gold futures.

Meanwhile,gold gained 0.05 per cent to 1,774.50 dollar an ounce in Singapore.

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results