Gold continues rally on geopolitical issues, Japan crisis

Gold  |  2011-03-31 02:50:46   |   By

Gold futures in global markets continues to climb on rising geopolitical tensions and Japan's nuclear crisis as these have increased the demand for yellow metal as most sought after option for investment

MUMBAI (Scrap Monster): Gold futures in global markets continues to climb on rising geopolitical tensions and Japan’s nuclear crisis as these have increased the demand for yellow metal as most sought after option for investment.

Gold futures at India’s Multi Commodities Exchange are trading on a higher note.

At the Multi Commodities Exchange of India (MCX) Gold April contract is trading at Rs.20736.00 per 10 grams, up by 0.10 percent at 12:05 IST.

The contract traded at a high of Rs.20763.00 per 10 grams and a low of Rs.20711.00 per 10 grams for the time being. Volume traded is 2197 lots so far and open interest is 5565 lots as of now.

Gold for immediate delivery traded little changed at $1,424.88 an ounce at 1:10 p.m. in Melbourne, taking the quarterly gain to 0.3 percent. The June-delivery contract in New York was also little changed at $1,425.40, heading for a 0.3 percent quarterly rise.