Monday, November 29, 1999

Gold futures up 0.48 pc on positive global cues

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New Delhi, June 17 (PTI) Gold prices rose by Rs 90 or 0.48 per cent to Rs 18,802 per ten gram in futures trade today, as traders enlarged their positions on the back of a firming global trend. At the Multi Commodity Exchange, gold for October-month contract rose by Rs 90, or 0.48 per cent to Rs 18,802 per ten gram, with an open interest of 1,649 lots. Similarly, the metal for delivery in August contract moved up by Rs 87, or 0.47 per cent to Rs 18,717 per ten gram, with a business turnover of 18,769 lots. Market experts said fresh buying by speculators in tandem with a firming global trend mainly led to a rise in gold prices at futures trade. Meanwhile, gold gained USD 3.70 to USD 1,234.20 an ounce in the Asian region.

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