MCX GOLD JUNE FUTURES UP BY 0.4% ON POSITIVE CUES FROM GLOBAL MARKETS

MCX GOLD JUNE FUTURES UP BY 0.4% ON POSITIVE CUES FROM GLOBAL MARKETS

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MCX Gold June futures up by 0.4% on positive cues from global markets
MCX Gold futures were climbed today as profiteers created new positions amid positive indications from global markets, as investors remained cautious of events in Greece.
At the Multi Commodity Exchange, gold futures prices for June contract was up by Rs 109, or 0.40%, to Rs 27,070 per 10 grams.
In the national capital bullion market, gold purity of 99.9 and 99.5 percent fell by Rs 410 each to Rs 27,790 and Rs 27,590 per 10 grams, respectively, a level not seen since the January 14.
Traders said besides loosening demand at present levels jewelers and retailers, a weak global trend mainly removed low bullion prices.
Also on the Comex, gold futures for April delivery tacked on $7.00, or 0.57%, to trade at $1,241.60 a troy ounce amid Greece jitters.
The euro was under pressure as concerns over the Greek debt talks continued to weigh on market sentiment.
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