Gold Futures Marginally Up

Monday, 16 January 2012, 18:45 IST
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New Delhi: Gold prices rose marginally by 0.11 percent, to Rs 27,537 per 10 grams in futures trade as speculators created fresh position on the back of a firming trend overseas amid weakness in the rupee. At the Multi-Commodity Exchange, gold for delivery in February rose by Rs 30, or 0.11 per cent, to Rs 27,537 per 10 grams, with a business turnover of 636 lots. Similarly, the metal for delivery in April gained Rs 31, or 0.10 per cent, to Rs 27,899 per 10 grams, with a business volume of 74 lots. Marketmen said the rise in gold prices was mainly due to a weak trend in global markets amid fall in rupee's value, which plays an important role in fixing the landed cost of the dollar-traded metal. Meanwhile, gold was trading 0.1 per cent higher at USD 1,641.07 an ounce in Singapore in early trade today.
Source: PTI
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