Gold futures rise on firm global trend
Gold prices rose by Rs 23 to Rs 20,683 per 10 grams in futures trading today as speculators enlarged their positions, supported by a firm global trend.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 23, or 0.11%, to Rs 20,683 per 10 grams, with a business turnover of two lots.
June gold gained Rs 10, or 0.05%, to Rs 20,955, with an open interest of a single lot.
Analysts said increased buying by speculators in tandem with a firming global trend mainly led to the rise in gold futures prices.
Meanwhile, gold rose by 0.07% to $1,429.90 an ounce in Asian region.