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Gold Futures Contract Closes Slightly Higher
Last update: 13/02/2018

KUALA LUMPUR, Feb 13†(Bernama) -- Gold futures contract on Bursa Malaysia Derivatives closed slightly higher today on†renewed buying interest for the precious metal, a dealer said.

The local gold futures market also tracked the movements of COMEX†gold amid weaker US dollar.†

February 2018 increased six ticks to RM168.65 a gramme, while March 2018, April 2018 and May 2018 rose six ticks each to RM169.15, RM169.95 and RM169.70 a gramme, respectively.†

Volume was at five lots worth RM84,400 against five lots†worth RM83,550 on Monday while open interest eased to 75 contracts from 78 contracts yesterday.†

At 5 pm, physical gold price rose 95 sen to RM162.76 a gramme from RM161.81 a gramme yesterday.



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US 3.9030/9080
S'pore 2.9544/9597
100 Yen 3.6507/6564
Sterling 5.4431/4521
Euro 4.8030/8104
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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