Gold futures up 0.19% on global cues

Gold futures rose by 0.19% to Rs 27,537 per 10 grams today, as speculators created fresh positions on the back of a firming trend overseas.

At the Multi Commodity Exchange, February gold rose by Rs 53, or 0.19%, to Rs 27,537 per 10 grams, with a business turnover of 796 lots.

The February delivery also rose by similar margin to Rs 27,890 per 10 grams, with a trading volume of 24 lots.

Market analysts attributed the rise in gold futures to a firming trend overseas on the back of an increase in physical and investment demand for the precious metal.

Meanwhile, gold rose by 0.60% to $1,653 an ounce in Singapore in early trade today.