Gold futures trade higher on festive demand

August 25, 2009 02:41 pm | Updated November 17, 2021 06:55 am IST - New Delhi

Gold futures prices gained 0.36 per cent on the Multi Commodity Exchange today as traders enlarged their positions, driven by pick-up in demand in spot markets on account of festive demand.

Gold for October contract gained 0.36 per cent to Rs 14,964 per ten gram with an open interest in 14,268 lots.

Similarly, gold for delivery in December contract went up by 0.33 per cent to Rs 14,975 per ten gram, clocking an open interest in 1,726 lots.

Marketmen said pick-up in demand on account of festival season mainly pushed up gold prices at futures market here.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.