KUALA LUMPUR, Dec 3 ― Gold futures contracts on Bursa Malaysia Derivatives closed firmer for the third consecutive day, tracking overnight gains in the US Commodity Exchange's (COMEX) gold futures.
Phillip Futures Sdn Bhd dealer Lim Eng Wee said the local gold futures rose as COMEX's gold futures climbed on firmer crude oil prices and repositioning of portfolio by investors.
At the close, spot month December 2014 gained 27 ticks to RM133.40 a gramme.
January 2015 and February 2015 garnered 20 ticks each to RM133.65 a gramme and RM133.95 a gramme, respectively, while April 2015 rose 15 ticks to RM134.70 a gramme.
Open interests however dwindled to 2,047 contracts from yesterday's 2,237 contracts while turnover shrank to 178 lots worth RM2.38 million from 319 lots worth RM4.23 million previously.
Meanwhile, the physical price of gold at 5 pm was RM1.47 higher at RM129.02 a gramme from RM127.55 a gramme yesterday. ― Bernama
