Gold future prices rise by 0.2% on global cues
Speculators created fresh positions taking positive cues from the global market
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Gold prices rose by 0.21% to Rs 27,336 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market.
At Multi Commodity Exchange, gold for delivery in far- month April was up by Rs 58, or 0.21%, to Rs 27,336 per 10 gram in business turnover of 38 lots.
The precious metal for delivery in February moved up by Rs 34, or 0.13%, to Rs 27,193 per 10 gram in a turnover of 1,765 lots.
Analysts said fresh positions built-up by participants following overnight gains in global market as declines in equity markets revived demand for the metal as a safe-haven, mainly influenced gold prices at futures trade here.
Meanwhile, gold rose to $1,238.32 an ounce in New York, the highest price since October 23.
At Multi Commodity Exchange, gold for delivery in far- month April was up by Rs 58, or 0.21%, to Rs 27,336 per 10 gram in business turnover of 38 lots.
The precious metal for delivery in February moved up by Rs 34, or 0.13%, to Rs 27,193 per 10 gram in a turnover of 1,765 lots.
Analysts said fresh positions built-up by participants following overnight gains in global market as declines in equity markets revived demand for the metal as a safe-haven, mainly influenced gold prices at futures trade here.
Meanwhile, gold rose to $1,238.32 an ounce in New York, the highest price since October 23.
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First Published: Dec 10 2014 | 11:40 AM IST