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Wednesday, 7 May 2014

Gold future prices rose by 0.30% to Rs 28,974 per 10 grams on global cues

The prices of gold rose by 0.30% to Rs 28,974 per 10 grams in futures trade today as speculators established new positions taking positive signals to foreign markets.

In MCX, gold for June delivery rose by Rs 87, or 0.30%, to Rs 28,974 per 10 grams.

Similarly, the metal for delivery in far-month August rose by Rs 78, or 0.28%, to Rs 28,340 per 10 grams.

Market expert said higher positions built by profiteers after the precious metal gathered 3-week highs in the global markets with the crisis tensions between Russia and Ukraine, increased demand for safe haven, influenced gold futures prices here.

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