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| Bullion futures rise on global cues |
| Press Trust of India / New Delhi Feb 06, 2012, 12:54 IST |
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 Buoyed by a firming global trend, gold prices rose by Rs 124 to Rs 28,347 per ten grams in futures trade today.
At the Multi Commodity Exchange, gold for delivery in June rose by Rs 124, or 0.44% to Rs 28,347 per ten grams in business turnover of 136 lots.
The April contract moved up by Rs 107, or 0.38% to Rs 27,998 per ten grams in 3704 lots.
And in the Asian market, the metal added 0.6% to $1,737.15 an ounce in Singapore.
Analysts said apart from a firming trend in overseas markets, fresh buying by speculators for the marriage season mainly led to rise in gold futures.
Silver, on the other hand, declined by Rs 62 to to Rs 56,095 per kg in futures market today, amid profit-booking by speculators, weak trend in Asia.
At the MCX, silver for delivery in March shed Rs 62, or 0.11% to Rs 56,095 per kg in business turnover of 5,813 lots.
May silver lost Rs 27, or 0.05% to Rs 57,516 per kg in 245 lots.
Analysts said besides profit-booking by speculators, weak trend in Asian region mainly helped silver prices to trade lower at futures trading.
In Asia, silver lost 0.36% to $33.55 an ounce in Singapore.
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