 "Gold futures up 0.1% on global cues")
Gold prices rose by Rs 36, or 0.11% to Rs 27,014 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market.
At Multi Commodity Exchange (MCX), the August contract went up by Rs 36, or 0.11%, to Rs 27,014 per 10 gram in 1,431 lots.
The June contract moved up by Rs 9, or 0.03%, to Rs 26,820 per 10 gm in 206 lots.
Spot gold gained as much as 0.7% to $1,397.88 and was at $1,395.60 at 12:10 pm in Singapore, after Moody's Investors Service said US may face a credit downgrade, mainly influenced gold prices at futures trade here.
In Singapore, gold rose by 0.70% to $1,397.88.
At Multi Commodity Exchange (MCX), the August contract went up by Rs 36, or 0.11%, to Rs 27,014 per 10 gram in 1,431 lots.
The June contract moved up by Rs 9, or 0.03%, to Rs 26,820 per 10 gm in 206 lots.
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Analysts said a firming trend in global market as outflows in investor holdings slowed and the dollar retreated, raising demand for the precious metals, influenced gold prices at futures trade here.
Spot gold gained as much as 0.7% to $1,397.88 and was at $1,395.60 at 12:10 pm in Singapore, after Moody's Investors Service said US may face a credit downgrade, mainly influenced gold prices at futures trade here.
In Singapore, gold rose by 0.70% to $1,397.88.
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