MCX GOLD APRIL FUTURES GAIN 0.3% TO RS 27,359 PER 10 GRAM AMID A FIRM GLOBAL TREND

MCX GOLD APRIL FUTURES GAIN 0.3% TO RS 27,359 PER 10 GRAM AMID A FIRM GLOBAL TREND

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MCX Gold April futures gain 0.3% to Rs 27,359 per 10 gram amid a firm global trend
The prices of gold jumped on MCX in futures trade today as speculators sold themselves to building new positions amid a steady global trend.
Globally gold rose on Wednesday after dropping by more than 1 percent in the prior session, while European shares dropped and investors also focused on Chinese demand for New Year and followed a buying trend in the US overnight.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 71, or 0.26%, to Rs 27,359 per 10 grams.
In the domestic bullion market, gold purity 99.9 and 99.5 percent relocated by Rs 180 each at Rs 28,090 and Rs 27,890 per 10 grams, respectively.
Dealers said that in addition to poor demand from jewelers and traders at current levels, a global trend that weaken as concerns acceleration of the Greek debt boosted global equities, the pressure kept mainly in the prices of gold and silver.
On the Comex, New York futures exchange, gold April contract rose 0.13% to trade at $1,261.90 a troy ounce. Also on the Comex, silver March contracts fell 0.02% to trade at $17.318 a troy ounce.
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