Gold futures up 0.2% on global cues

Analysts say a firming trend in global market, mainly influenced gold prices at futures trade.

Gold prices moved up marginally by 0.23%, to Rs 27,829 per 10 gm in futures trade as speculators created positions taking positive cues from the global market amid firm spot demand.

At the Multi Commodity Exchange, gold for delivery in August up by Rs 63, or 0.23%, to Rs 27,829 per 10 gm in business turnover of 3,573 lots.

Gold for delivery in far-month October moved up by Rs 59, or 0.21%, to Rs 28,016 per 10 gm in a turnover of 242 lots.

Analysts said a firming trend in global market, mainly influenced gold prices at futures trade here.
 
Meanwhile, gold rose by 0.05% to $1,386.40 an ounce in Singapore.