 "Gold futures up by 0.7% on firm global cues")
Gold prices rose by Rs 186 to Rs 25,612 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 186, or 0.73%, to Rs 25,612 per 10 grams in a business turnover of 1,086 lots.
Similarly, the yellow metal for delivery in far-month December traded higher by Rs 183, or 0.73%, to Rs 25,810 per 10 grams in 13 lots.
Analysts said a firming trend in the global markets where gold rose to $1,120.60 an ounce in New York yesterday, the highest level since July 20, supported by bets that US interest rates will be raised as soon as next month amid China's second currency devaluation in two days, influenced gold futures here.
At the Multi Commodity Exchange, gold for delivery in October rose by Rs 186, or 0.73%, to Rs 25,612 per 10 grams in a business turnover of 1,086 lots.
Similarly, the yellow metal for delivery in far-month December traded higher by Rs 183, or 0.73%, to Rs 25,810 per 10 grams in 13 lots.
Analysts said a firming trend in the global markets where gold rose to $1,120.60 an ounce in New York yesterday, the highest level since July 20, supported by bets that US interest rates will be raised as soon as next month amid China's second currency devaluation in two days, influenced gold futures here.
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