Last Updated :
08 February 2010 at 10:40 IST
Gold edges up near $1067 in Asian trade
SINGAPORE (Commodity Online) : Gold recovered in Asian trade Monday mainly after the dollar edged down against major currencies.
Gold for immediate delivery was seen trading at $1066.38 an ounce at 11.30 a.m while gold futures for April delivery was at $1,067 per ounce at the same time.
Analysts said the precious yellow metal also gained on a technical bounce when investors sold commodities on worry about fiscal stability in Greece and the broader euro zone.
On Friday, spot gold fell to $1,043.75, its lowest since Nov. 2 before settling at $1,066.35 per ounce while Gold for April delivery fell $10.20 to settle at $1,052.80 a fine ounce.
March silver fell 52 cents to $14.83 an ounce. Copper for March delivery dropped 2.15 cents to $2.8575 a pound.
Meanwhile, World’s largest gold-backed exchange-traded fund, SPDR Gold Trust , rose 1.828 tonnes or 0.2 percent to 1,106.378 tonnes on Friday, marking the first rise since last December.
MCX SILVER MINI 999 30 June 2012
contract was trading at
Rs 55950 , up Rs. 309 . What's your view on it?
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