MCX GOLD RISE 0.5% TO RS 27,391 PER 10 GRAMS AMIDST A FIRMING GLOBAL TREND.

MCX GOLD RISE 0.5% TO RS 27,391 PER 10 GRAMS AMIDST A FIRMING GLOBAL TREND.

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MCX Gold rise 0.5% to Rs 27,391 per 10 grams amidst a firming global trendPrices of gold futures climbed at MCX trading on Friday as speculators were given to expanding their positions amid a firming global trend.
At the Multi Commodity Exchange, gold futures for June delivery gained Rs 135, or 0.49%, to Rs 27,545 per 10 grams.
In Delhi bullion market, gold of 99.9 and 99.5 per cent purity fell by Rs 100 each to Rs 28,200 and Rs 28,000 per 10 grams, respectively on easing demand from jewellers and retailers at prevailing levels. Gold prices gained Rs 210 on Thursday.
KheloMCX Commodity Advisory Analysts attributed the rise in gold futures, as traders were looking ahead to the release of the latest U.S. Jobs Data later Friday, for further indications on the strength of the recovery in the labor market.
In the global marketplace gold  rose before a report of US jobs that could give clues on the schedule of the US interest rate increasing as investors raised holdings in exchange-traded products to a up to four months. And as Greece worries continued to dominate sentiment.
Spot gold rallied as much as 0.3 percent to $ 1,268.91 an ounce and traded at $ 1,267.96 by 15:06 in Singapore. On the Comex New York, gold futures for April delivery were up 0.39% to $1,267.60.
The gold market is likely to shift the focus of Greece and the Eurozone and oil, and an increase in oil prices tends to trigger metals buyers shopping for funds commodity index funds.
To contact the KheloMCX Advisory visit here. Or Free trial Advisory Visit KheloMCX.comhttp://khelomcx.com/.

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