"money control" said : Gold futures gain Rs 62 on global cues

Gold futures were up by Rs 62 to Rs 29,063 per 10 grams as speculators created fresh bets amid positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in April was trading higher by Rs 62, or 0.24 percent, to Rs 29,063 per 10 grams, in a business turnover of 300 lots. Meanwhile, gold rose 0.25 percent higher at USD 1,227.80 an ounce in New York. The metal for delivery in far-month June rose Rs 20, or 0.10 percent, at Rs 29,073 per 10 grams in a turnover of 13 lots. Analysts said widening of positions by participants, tracking a firm trend overseas, mainly attributed the rise in gold prices at futures trade.


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Gold prices remain lacklustre on global cues


Gold prices remain lacklustre on global cues
New Delhi: Gold prices dipped by Rs25 to Rs29,625 per 10 grams at the bullion market on Wednesday amid weakening global cues and tepid demand from local jewellers. Marketmen said apart from a weak trend overseas, where strengthening dollar eroded demand for the precious metal, easing demand from local jewellers and retailers at the domestic spot markets kept gold prices lower. The precious metal had lost Rs300 on Tuesday. In the national capital, gold of 99.9 and 99.5% purity declined further by Rs25 each to Rs29,625 and Rs29,475 per 10 grams, respectively. On the other hand, silver ready recovered by Rs100 to Rs43,000 per kg and weekly-based delivery rose Rs95 to Rs42,585 per kg.

Gold falls to Rs 29,625 on weak global cues, tepid spot demand
Gold prices dipped by Rs 25 to Rs 29,625 per 10 grams at the bullion market today amid weak global cues and tepid demand from local jewellers. On the other hand, silver ready recovered by Rs 100 to Rs 43,000 per kg and weekly-based delivery rose Rs 95 to Rs 42,585 per kg. Marketmen said apart from a weak trend overseas, where strengthening dollar eroded the demand for the precious metal, easing demand from local jewellers and retailers at the domestic spot markets kept gold prices lower. In the national capital, gold of 99.9 and 99.5 per cent purity declined further by Rs 25 each to Rs 29,625 and Rs 29,475 per 10 grams, respectively. The precious metal had lost Rs 300 yesterday.


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