MCX GOLD FEBRUARY FUTURES PRICES RISE BY RS 109 TO RS 27,147 PER 10 GRAMS ON GLOBAL CUES.

MCX GOLD FEBRUARY FUTURES PRICES RISE BY RS 109 TO RS 27,147 PER 10 GRAMS ON GLOBAL CUES.

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MCX Gold February futures prices rise by Rs 109 to Rs 27,147 per 10 grams on global cues
MCX Gold futures prices were trading higher on Tuesday, and rose by Rs 109 to Rs 27,147 per ten gram taking positive cues from global markets, as speculators enlarged positions.
At the Multi Commodity Exchange (MCX), gold for delivery in February was up by Rs 109 or 0.40 per cent, to Rs 27,147 per 10 grams. Prices touched an intraday high of Rs 27,175 and an intraday low of Rs 27,083. So far 1660 futures contracts have been traded on MCX.
Analysts said the new positions created by the following participants with a better trend in the global market, as fall of local stocks and a concern that Greece may leave the eurozone invigorated demand for safe haven. This contributed the prices of precious metal futures trading in Delhi.
In Delhi, gold of 99.9 and 99.5 per cent purity gained another Rs 200 each to Rs 27,500 and Rs 27,300 per ten gram respectively. It had gained Rs 275 in the previous two days.
Meanwhile, Gold futures February delivery on the Comex New York, hit a session high of $1,214.40, the most since December 16.
To contact the KheloMCX Advisory visit here. Or Free trial Advisory Visit KheloMCX.com.

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