Gold futures gains by 0.3% on firm global cues

Speculators enlarged positions, tracking a firm global trend

Gold futures gains by 0.3% on firm global cues
Press Trust of India New Delhi
Last Updated : Nov 19 2015 | 11:47 AM IST
Gold prices moved up by 0.33% to Rs 25,177 per 10 grams in futures trade today as speculators enlarged positions, tracking a firm global trend.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 83, or 0.33%, to Rs 25,177 per 10 grams in a business turnover of 158 lots.

Likewise, the yellow metal for delivery in far-month February next year gained Rs 76, or 0.30%, to Rs 25,331 per 10 grams in 20 lots.

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Analysts said speculators enlarged their positions on the back of firm global trend where precious metal rose from a five-year low, mainly influenced gold prices at futures trade.

Globally, gold rose 0.7% to $1,077.65 an ounce in Singapore.

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First Published: Nov 19 2015 | 10:57 AM IST

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