 "Gold rises in futures trade on firm global cues")
Gold futures rose 0.90% to Rs 26,866 per 10 grams as speculators enlarged positions on positive cues from global markets.
At the Multi Commodity Exchange, the metal for delivery in August gained Rs 239, or 0.90%, to trade higher at Rs 26,866 per 10 gm in a turnover of 451 lots.
On similar lines, the metal for delivery in October edged higher by Rs 211, or 0.79%, to Rs 26,895 per 10 gram, clocking a business volume of 12 lots.
Globally, gold rose 0.5% to $1,282.98 an ounce in Singapore today, the highest level since May 27.
At the Multi Commodity Exchange, the metal for delivery in August gained Rs 239, or 0.90%, to trade higher at Rs 26,866 per 10 gm in a turnover of 451 lots.
On similar lines, the metal for delivery in October edged higher by Rs 211, or 0.79%, to Rs 26,895 per 10 gram, clocking a business volume of 12 lots.
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Analysts attributed the rise in gold prices at futures trade to the precious metal's sustained upsurge in the global markets as escalating violence in Iraq spurred demand for the safe-haven.
Globally, gold rose 0.5% to $1,282.98 an ounce in Singapore today, the highest level since May 27.
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