Gold price recovers by up to Rs 43 in futures trade

Last Updated: Wednesday, May 8, 2013 - 12:16

New Delhi: Gold futures prices recovered marginally by 0.16 percent to Rs 26,763 per 10 gm Wednesday largely in tune with a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 43, or 0.16 percent, to Rs 27,097 per 10 gm, with a business turnover of 27 lots.

Similarly, the metal for delivery in June moved up by Rs 41, or 0.15 percent, to Rs 26,722 per 10 gm, with a trade volume of 977 lots.

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets on the back of rising physical demand for gold in China.

Meanwhile, gold rose by 0.20 percent to USD 1,455.60 an ounce in Singapore in early trade today.


First Published: Wednesday, May 8, 2013 - 12:14

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