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This is an archive article published on January 20, 2012

Gold up in futures trade on global cues

The metal for delivery in April moved up by Rs 46,or 0.17 per cent,to Rs 27,770 per 10 grams.

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Gold futures prices edged up by 0.19 per cent to 27,399 per 10 grams today,tracking a firming trend overseas as a weaker dollar raised demand for the metal.

At the Multi Commodity Exchange MCX,gold for delivery in February rose by Rs 52,or 0.19 per cent,to Rs 27,399 per 10 grams,with a business turnover of 2,095 lots.

The metal for delivery in April moved up by Rs 46,or 0.17 per cent,to Rs 27,770 per 10 grams,with a trade volume of 232 lots.

Market analysts attributed the rise in gold futures to a firming global trend after the metal traded at more than a month high as a weaker dollar bolstered its demand.

Meanwhile,in London,gold futures rose by 0.3 per cent to USD 1,664.35 an ounce last night,the highest prices since December 13.

 

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