Gold futures recover on firm global cues

Gold futures recovered by Rs 231 to 27,067 per 10 grams today, as speculators created fresh positions driven by a firming global trend.

At the Multi Commodity Exchange, February gold rose by Rs 231, or 0.86%, to Rs 27,067 per 10 grams, with a business turnover of 4,699 lots.

The April delivery moved up by Rs 225, or 0.83%, to Rs 27,375 per 10 grams, with a trade volume of 231 lots.

Market analysts attributed to recovery in gold futures to a firming global trend.

Meanwhile, gold rose by $8.20 to $1,553.70 an ounce in Asian region.