Gold Futures Up by 0.78 Pc on Asian Cues, Short-Covering
New Delhi: Gold futures prices recovered by 0.78 percent to 28,887 per 10 grams , tracking a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in December gained 224, or 0.78 percent, to 28,887 per 10 grams, with an open interest for 3,867 lots.
In a similar fashion, the metal for delivery in far-month February also rose by 210, or 0.72 percent, to 29,215 per 10 grams in 3,087 lots.
Market analysts attributed the recovery in gold futures to a firming trend in Asian markets. Meanwhile, spot gold prices recovered by $6.70 to $1,722.10 an ounce in Singapore in early trade .
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