Gold futures prices up in india today june 16 2011

Gold futures prices up in india today june 16 2011 : Gold rose by Rs 100 to Rs 22,740 per 10 grams in futures trade today as speculators created fresh positions, driven by a firming trend in New York.

On the Multi Commodity Exchange , gold for delivery in October rose by Rs 100, or 0.22 per cent, to Rs 22,740 per 10 grams, with a business turnover of 108 lots.

Similarly, the metal for delivery in August gained Rs 47, or 0.21 per cent, to Rs 22,468 per 10 gram, with an open interest of 2,733 lots.

Market analysts said fresh buying by speculators, supported by a firming trend in New York led to rise in gold futures prices.

Meanwhile, gold rose by USD 6.50 to USD 1,530.60 an ounce in New York last night. For the latest updates PRESS CTR + D or visit Stock Market news Today

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