India gold futures extends gains

March 06, 2009

Commodity Online
NEW DELHI : Gold prices in futures trade rose Friday as local stocks fell amid firm trends in overseas markets.

The benchmark April contract extended gains for a second day and traded 0.85 percent higher at 15,557 rupees per 10 grams at 4.06 p.m. The contract is still within a striking distance of an all-time high of 16,040 struck on Feb. 20.

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Standard gold rose by Rs 240 per ten grams to Rs 15,410 from Thursday’s closing level of Rs 15,170. Pure gold also hardened to Rs 15,470 from Rs 15,240 Thursday

Silver ready also shot up by Rs 150 per kilo to Rs 22,565 from Rs 22,415.

On Thursday, gold for April delivery finished higher by $ 21.10 an ounce to $927.80 an ounce on the Comex Division of the New York mercantile exchange. March silver also rose to $13.105 an ounce.

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