KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives edged up to close higher yesterday as the local bourse tumbled, said Phillip Futures Sdn Bhd dealer Ahmad Danial Zainudin.
Ahmad Danial said the gains were also in tandem with the New York Commodity Exchange’s gold futures which inched up during Asian trading hours.
September 2014, October 2014 and December 2014 rose 27 ticks or RM1.35 each to RM128.70, RM128.80 and RM129.15 a gramme, respectively, while November 2014 increased 31 ticks or RM1.55 to RM129.00 a gramme.
Open interests widened to 3,771 contracts from 3,271 contracts on Friday.
Turnover increased to 441 lots valued at RM5.66 million from 429 lots valued at RM6.3 million previously.
The gold physical price stood at RM124.16 a gramme, up RM1.11 from Friday’s RM123.05 a gramme. Bernama