Gold futures rose by 0.63 per cent to Rs 27,884 per 10 grams

Gold futures rose by 0.63 per cent to Rs 27,884 per 10 grams today as speculators created fresh positions on the back of a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 174, or 0.63 per cent, to Rs 27,884 per 10 grams, with a business turnover of 297 lots.

Likewise, the metal for delivery in February gained Rs 168, or 0.61 per cent, to Rs 27,550 per 10 grams, with a trading volume of 6,240 lots.

Market analysts attributed the rise in gold futures to a firming trend overseas on geopolitical tensions over Iran, spurring investors to buy the precious metal as a haven.

Meanwhile, gold rose by 1.10 per cent to USD 1,583.60 an ounce in Singapore. – PTI

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Posted by admin on Jan 3 2012. Filed under Gold price. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry