DAILY BUZZ
GOLD
- Gold futures recovered by 0.17 per cent to Rs 29,210 per 10 grams today as speculators enlarged their positions on the back of firming global trends.
- At the Multi Commodity Exchange, gold for delivery in April rose by Rs 51, or 0.17 per cent, to Rs 29,210 per 10 grams, with a business turnover of 579 lots.
- In a similar fashion, the metal for delivery in June moved up by Rs 47, or 0.16 per cent, to Rs 28,833 per 10 grams, with a trade volume of 112 lots.
- Market analysts said the rise in gold futures was mainly in line with a rebound in overseas markets after the world's leading industrial powers threatened further sanctions to deter Russia from invading other parts of Ukraine, boosting demand for a safe-haven.
- Meanwhile, gold advanced 0.40 per cent to USD 1,313.64 an ounce in Singapore in early trade today.
No comments:
Post a Comment