Gold Futures Increased by 0.53 %

mcx commodity tips

Gold futures increased by 0.53 % on Thursday at the domestic markets as investor’s eye renewed worries over Greece's debt woes and ahead of Chinese New Year desired that may be stoked in part by easier monetary policy. Prices increase after data showed that U.S. Non-farm private employment increased less-than-expected in January and after China's central bank cut banks' reserve requirement ratios in a surprise determination. Payroll processing firm ADP said non- farm private employment increased by 213,000 in January, below expectations for an increase of 225,000 and slowing from jobs gains profit of 253,000 in December. At the MCX, Gold futures for February 2015 contract was trading at Rs 27,875 per 10 grams, upward by 0.53 % after opening at Rs 27,875, against the last day of ending price of Rs 27,729. It touched the intra-day max of Rs 27,901 till the trading.