Gold futures rise 0.08% on global cues
Speculators enlarge bets on back of firming global trend
 "Gold futures rise Rs 21 on global cues")
Gold rose Rs 21 to Rs 27,097 per 10 grams in futures trading today as speculators widened bets, tracking a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month February next year edged higher by Rs 21, or 0.08%, to Rs 27,097 per 10 grams, in a business turnover of three lots.
Similarly, the metal for delivery in December was also trading higher by Rs 20, or 0.07%, to Rs 26,865 per 10 grams in 175 lots.
Market analysts said speculators enlarged their bets on the back of a firming global trend as investors eyed the upcoming Fed meeting for clues on timing of a US interest rate hike.
Globally, gold increased as much as 0.3% to $1,169.40 an ounce in Singapore.
At the Multi Commodity Exchange, gold for delivery in far-month February next year edged higher by Rs 21, or 0.08%, to Rs 27,097 per 10 grams, in a business turnover of three lots.
Similarly, the metal for delivery in December was also trading higher by Rs 20, or 0.07%, to Rs 26,865 per 10 grams in 175 lots.
Market analysts said speculators enlarged their bets on the back of a firming global trend as investors eyed the upcoming Fed meeting for clues on timing of a US interest rate hike.
Globally, gold increased as much as 0.3% to $1,169.40 an ounce in Singapore.
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First Published: Oct 23 2015 | 10:57 AM IST