Gold futures up 0.8% on global cues
Gold for delivery in August contracts moved up by 0.80%.
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Gold prices rose by Rs 227 to Rs 28,418 per 10 gm in futures trade largely on speculative positions created by participants amid a firming trend at the spot market.
At the Multi Commodity Exchange, gold for delivery in far-month October was up by Rs 227, or 0.81%, to Rs 28,418 per 10 gm in business turnover of 143 lots.
Gold for delivery in August contracts moved up by Rs 225, or 0.80%, to Rs 28,236 per 10 gm in a turnover of 2,071 lots.
Analysts said overnight gains in the global market and a firming trend at the domestic spot market as weakening rupee, which slumped to an all-time low of Rs 58.90 to a dollar made gold costlier, mainly influenced gold prices at futures trade here.
Meanwhile, gold rose by $2.40, or 0.17% to $1,387 an ounce in New York in yesterday's trade.
At the Multi Commodity Exchange, gold for delivery in far-month October was up by Rs 227, or 0.81%, to Rs 28,418 per 10 gm in business turnover of 143 lots.
Gold for delivery in August contracts moved up by Rs 225, or 0.80%, to Rs 28,236 per 10 gm in a turnover of 2,071 lots.
Analysts said overnight gains in the global market and a firming trend at the domestic spot market as weakening rupee, which slumped to an all-time low of Rs 58.90 to a dollar made gold costlier, mainly influenced gold prices at futures trade here.
Meanwhile, gold rose by $2.40, or 0.17% to $1,387 an ounce in New York in yesterday's trade.
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First Published: Jun 11 2013 | 12:57 PM IST