Gold up 0.2% on global cues
Metal for delivery in August moved up by 0.13%
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Gold rose 0.19% to Rs 26,448 per 10 grams in futures trade today as participants engaged in enlarging positions on a firming trend overseas.
At the Multi Commodity Exchange, the metal for delivery in far-month October gained Rs 49, or 0.19%, to trade at Rs 26,448 per 10 grams in a turnover of four lots.
Similarly, the metal for delivery in August moved up by Rs 34, or 0.13%, to Rs 26,364 per 10 grams, clocking a business volume of 136 lots.
Analysts said the rise in global markets on concerns that a US recovery may stall and violence in Iraq will escalate boosted safe-haven demand and supported the rise in gold prices at futures trade here.
Globally, gold climbed 0.20% to $1,275.65 an ounce in Singapore today, the highest level since May 27.
At the Multi Commodity Exchange, the metal for delivery in far-month October gained Rs 49, or 0.19%, to trade at Rs 26,448 per 10 grams in a turnover of four lots.
Similarly, the metal for delivery in August moved up by Rs 34, or 0.13%, to Rs 26,364 per 10 grams, clocking a business volume of 136 lots.
Analysts said the rise in global markets on concerns that a US recovery may stall and violence in Iraq will escalate boosted safe-haven demand and supported the rise in gold prices at futures trade here.
Globally, gold climbed 0.20% to $1,275.65 an ounce in Singapore today, the highest level since May 27.
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First Published: Jun 13 2014 | 11:36 AM IST