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This is an archive article published on October 16, 2009

Gold spikes to Rs 15,792 per ten gram

Gold futures prices recovered by 0.40 per cent on Friday on emergence of buying at existing lower levels on the eve of Diwali.

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Gold futures prices recovered by 0.40 per cent on Friday on emergence of buying at existing lower levels on the eve of Diwali.

Gold for December contract gained 0.40 per cent to Rs 15,792 per ten gram with business turnover in 5,119 lots. It had lost 0.47 per cent in Thursday8217;s trading.

Similarly,gold for delivery in February contract traded higher by 0.39 per cent to Rs 15,804 per ten gram in 238 lots.

Marketmen said emergence of buying at existing lower level mainly led to recovery in gold prices at futures market here.

The precious metal in overseas as well as in domestic markets fell sharply in the previous day8217;s trading.

 

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