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Gold edges up by 0.86 per cent
By: PTI

New Delhi: 

Tracking a firm global trend, gold prices edged up by 0.86 per cent in the futures market today as traders enlarged their positions to meet upcoming seasonal demand.

 
Gold for the most active December month contract gained the most by rising 0.86 per cent at 13,123 per 10 gram on the Multi Commodity Exchange. The contract recorded business volume of 1851 lots.

 
October month contracts followed suit and inched up by 0.81 per cent at Rs 13,018 with trading volume of 6,801 lots, while far month February contract too remained in a positive zone with gain of 0.73 per cent at Rs 13,202 in trading of four lots.

 
Traders enlarging their positions to meet coming festivals such as Durga Pooja and Diwali mainly led to rise in gold futures prices.

 
They said fall in dollar in the global market, too, supported the precious metal prices in futures market here.









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