Gold rises to ?28,790 at futures trade

07/02/2014 09:48 AST

Gold futures rose 0.49 per cent to Rs. 28,790 per 10 grams at the futures trade today as speculators enlarged their positions, driven by a firm trend in the Asian region.

On the Multi Commodity Exchange, gold for delivery in April rose Rs. 140 or 0.49 per cent to Rs. 28,790 per 10 grams in a business turnover of 522 lots.

Similarly, the metal for delivery in June moved up by Rs. 133 or 0.47 per cent to Rs. 28,464 per 10 grams in a turnover of 10 lots.

Market analysts said a firm trend in the global market ahead of US jobs data, influenced gold futures here.

Meanwhile, the yellow metal rose $2.50 or 0.2 per cent to $1,260.30 an ounce in Singapore in early trade today.


The Hindu Business Line

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