Gold futures recover on global cues

Last Updated: Wednesday, May 29, 2013 - 12:32

New Delhi: Gold prices recovered by Rs 60, or 0.23 percent, to Rs 26,471 per 10 gm in futures trade as speculators created fresh positions taking positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in June contracts up by Rs 60, or 0.23 percent, to Rs 26,471 per 10 gm in business turnover of 1,292 lots.

The metal for delivery in far-month August contracts moved up by Rs 58, or 0.22 percent, to Rs 26,702 per 10 gm in a turnover of 373 lots.

Analysts said a firming trend in global market as lower prices lure buyers, mainly influenced gold prices at futures trade here.

Meanwhile, gold rose by 0.70 percent to USD 1,390.30 an ounce in Singapore.

PTI

First Published: Wednesday, May 29, 2013 - 12:01

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