Gold futures rise on positive global cues
Speculators enlarged positions on positive cues from overseas markets
 "Gold futures rise on positive global cues")
Gold prices rose by Rs 59 to Rs 26,522 per 10 grams in futures trading today as speculators enlarged positions on positive cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in December edged higher by Rs 59, or 0.22%, to Rs 26,522 per 10 grams in a business turnover of 622 lots.
Similarly, the yellow metal for delivery in far-month February 2015 contracts moved up by Rs 57, or 0.21%, to Rs 26,858 per 10 grams in 22 lots.
Meanwhile, gold traded 0.96% higher at $1,194.50 an ounce in New York yesterday.
At the Multi Commodity Exchange, gold for delivery in December edged higher by Rs 59, or 0.22%, to Rs 26,522 per 10 grams in a business turnover of 622 lots.
Similarly, the yellow metal for delivery in far-month February 2015 contracts moved up by Rs 57, or 0.21%, to Rs 26,858 per 10 grams in 22 lots.
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Market analysts said speculators enlarged their positions on the back of overnight gains on the US markets. This mainly led to rise in gold prices at futures trade.
Meanwhile, gold traded 0.96% higher at $1,194.50 an ounce in New York yesterday.