Gold up 0.4% on firm global cues

Analysts said a firming trend in the global markets supported the upside in the metal prices

Press Trust of India New Delhi
Last Updated : Aug 06 2014 | 1:15 PM IST
Gold prices rose 0.41% to Rs 28,230 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in October rose by Rs 116, or 0.41%, to Rs 28,230 per 10 grams in a business turnover of 604 lots.

Similarly, the yellow metal for delivery in December traded higher by Rs 116, or 0.41%, to Rs 28,195 per 10 grams in 9 lots.

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Analysts said a firming trend in the global markets supported the upside in gold prices at futures trade here.

Meanwhile in Singapore, gold rose to $1,290.22 an ounce from $1,288.78 yesterday.
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First Published: Aug 06 2014 | 11:24 AM IST

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