NEW DELHI: Gold futures on Friday traded slightly up in afternoon trade on the Multi Commodity Exchange (MCX) counter largely in line with a firming trend in the global markets after the US dollar weakened against major currencies. A pick-up in demand i n the spot markets also supported the firming trend in gold. At 1445 hrs on the MCX, gold for the June-month contract was trading 0.30 per cent higher at Rs 14,756 per ten grams.
Similarly, the August-month contract moved up by 0.29 per cent to Rs 14,730 per ten gram, showing a business volume of 3,307 lots, while the far-month October contract improved 0.30 per cent at Rs 14,791 per ten gram, with trading of 282 lots. According to analysts, a firming trend in the global markets, after gold surged to a three-month high in London, as a weaker dollar increased demand for precious as an alternative investment buoyed on market sentiment. – PTI
