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This is an archive article published on February 15, 2012

Gold futures move up on global cues

Gold prices rose by Rs 67 to Rs 28,511 per ten grams in futures trade.

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Gold prices rose by Rs 67 to Rs 28,511 per ten grams in futures trade in tune with affirming trend overseas on Wednesday.

At the Multi Commodity Exchange,gold for delivery in June month rose by Rs 67,or 0.24 per cent,to Rs 28,511 per ten grams in business turnover of 191 lots.

The April contract moved up by Rs 53,or 0.19 per cent to Rs 28,138 per ten grams in 7,436 lots.

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Analysts said fresh buying by speculators mostly driven by a firming global trend mainly led to rise in gold prices at futures trade.

Gold rose 0.6 per cent to 1,729.66 dollar an ounce in Singapore.

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