MCX GOLD APRIL FUTURES CONTRACT MARGINALLY UP ON GLOBAL CUES.

MCX GOLD APRIL FUTURES CONTRACT MARGINALLY UP ON GLOBAL CUES.

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MCX Gold April futures contract marginally up on global cues
Prices of gold futures on MCX were trading a marginally higher at Rs 27,404 per ten grams as profiteers created new positions taken positive signs from world markets ahead of the outcome of the meeting of the Federal Reserve.
At the Multi Commodity Exchange, gold futures delivery in far-month April 2015 was trading at Rs 27404 up Rs 54, or 0.20 percent. Futures prices touched an intraday session high of Rs 27,428 and an intraday session low of Rs 27,310.
In a mixed pattern of trading in domestic bullion market, gold of 99.9 and 99.5 per cent purity was up by Rs 100 each to Rs 27,300 and Rs 27,100 per 10 grams, respectively. It had lost Rs 180 on Tuesday.
In global market, Gold prices were holding just below $1,200 an ounce as investors warily awaited the outcome of the Federal Reserve’s final policy meeting of the year later in the day.
On the Comex, gold futures for February delivery were up 0.28% to $1,197.60.
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