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IE:Gold futures prices recover on firm Asian cues
 
Gold futures prices recovered marginally by 0.16 per cent to Rs 26,763 per 10 gm today 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 per cent, 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 per cent, 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 per cent to USD 1,455.60 an ounce in Singapore in early trade today.

Source