Gold News

Gold futures bounce to Rs. 28,926 on decisive global cues.

 Gold futures bounce to Rs. 28,926 on decisive global cues.

NEW DELHI, APRIL 6:  Gold prices zoomed Rs. 121 to Rs. 28,926 per 10 gram at the futures trade as speculators created positions amid positive global cues.At the Multi Commodity Exchange, gold for delivery in June moved up by Rs. 121 or 0.42 per cent to Rs. 28,926 per 10 grams in a business turnover of 168 lots.The metal for delivery in far-month August was trading higher by Rs. 101 or 0.35 per cent to Rs. 29,055 per 10 grams in a turnover of two lots.Analysts said widening of bets by participants mainly influenced the precious metal at the futures trade but a weak trend overseas restricted the gains.Meanwhile, gold fell 0.18 per cent to $1,253.10 an ounce in Singapore.

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