Gold futures up by 0.2% powered by global cues

Speculators created fresh bets amid positive cues from global markets

Press Trust of India New Delhi
Last Updated : Sep 09 2015 | 11:48 AM IST
Gold futures were up by Rs 44 to Rs 26,662 per 10 grams as speculators created fresh bets amid positive cues from global markets.

At Multi Commodity Exchange, gold for delivery in far-month December was trading higher by Rs 44, or 0.17%, to Rs 26,662 per 10 grams in a business turnover of one lot.

The metal for delivery in October contract rose Rs 33, or 0.12%, at Rs 26,457 per 10 grams in a turnover of 147 lots.

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Analysts attributed the rise in gold prices to a firming trend overseas after the dollar fell, raising demand for the safe-haven precious metals.

Meanwhile, gold was trading 0.4% higher at $1,125.48 an ounce in Singapore.

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First Published: Sep 09 2015 | 11:42 AM IST

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