Business Standard
Tuesday, May 22, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|Markets & Investing|||||||| 
 Section Home | News Now | Paper | Features | Q&A | PF News | PF Features | IPOs | MFs | Commodities | Trends | Stock Data | Financials | Money & Forex
Home > Markets & Investing Live Markets | Commodities
 

Gold futures up 0.33% on global cues, spot demand
Press Trust of India / New Delhi Feb 23, 2012, 11:19 IST

Gold futures rose by 0.33% to Rs 28,741 per 10 grams today, as speculators engaged in enlarging their positions, driven by a firming trend overseas.

Also, pick up in demand at domestic market for the ongoing marriage season, also supported the upside in prices.

At the Multi Commodity Exchange, the April contract for gold rose by Rs 95, or 0.33%, to Rs 28,741 per 10 grams, with a business turnover of 960 lots.

The metal for delivery in June also rose by Rs 88, or 0.30% to Rs 29,084 per 10 grams in a turnover of 29 lots.

Market analysts attributed the rise in gold futures to a firming trend overseas on speculation speculation that the US will extend a stimulus to bolster the economy.

In addition, rising spot demand on account of marriage season also influenced precious metal prices, they said.

Meanwhile, gold rose by $15.50 to $1,775.80 an ounce after reaching $1,783 in New York in yesterday's trade.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets jump on global cues
- Thomas Cook India rebounds on Open Offer by Fairfaxs
- Hampi Express collides with goods train, 8 dead, 30 injured
- Investors relieved they got shut out of Facebook IPO
- Rupee recovers from record lows, opens at 54.60
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- One Partnership Endless Possibilities. Click here to know more
- A Brand New Server at a Price That Fits Your Budget. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Share this Story  
 
 
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
 
 
Latest Messages
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Naveen, Jaya seek BJP support for Sangma
- Air India toughens stance, sacks 30 pilots
- Facebook IPO spawns social media angels
- RBI slashes arbitrage opportunity as rupee breaches 55 a dollar
- India changes stance on rise in US visa fee
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us