Gold futures rises 0.1% on firm global cues
Gold prices for delivery in October edged up by 0.13%
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Gold futures prices today rose by 0.17% to Rs 26,055 per 10 grams as speculators enlarged positions, largely in tandem with a firming trend overseas.
At the Multi Commodity Exchange, metal prices for delivery in August gained Rs 45, or 0.17%, to trade higher at Rs 26,055 per 10 gm in a turnover of 4,038 lots.
Similarly, gold prices for delivery in October edged up by Rs 33, or 0.13%, to Rs 26,139 per 10 gm, clocking a business volume of 305 lots.
Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets as physical gold purchases picked up at lower prices.
Globally, gold rose by $13.40, or 1.08%, to $1,250.10 an ounce in New York yesterday.
At the Multi Commodity Exchange, metal prices for delivery in August gained Rs 45, or 0.17%, to trade higher at Rs 26,055 per 10 gm in a turnover of 4,038 lots.
Similarly, gold prices for delivery in October edged up by Rs 33, or 0.13%, to Rs 26,139 per 10 gm, clocking a business volume of 305 lots.
Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets as physical gold purchases picked up at lower prices.
Globally, gold rose by $13.40, or 1.08%, to $1,250.10 an ounce in New York yesterday.
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First Published: Jul 10 2013 | 12:23 PM IST