Gold futures rise by 0.3% on global cues
Speculators created fresh positions amid a firming trend overseas
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Gold prices rose by Rs 76 to Rs 27,421 per 10 grams in futures trade today as speculators created fresh positions amid a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in August rose by Rs 76, or 0.33%, to Rs 27,421 per 10 grams in a business turnover of 14 lots.
The metal for delivery in June moved up by Rs 77, or 0.28%, to Rs 27,185 per 10 grams in a turnover of 528 lots.
Analysts said gains in the precious metal overseas after minutes of a US Fed meeting signalled borrowing costs won't be raised in June influenced gold prices at futures trade here.
Meanwhile, gold advanced as much as 0.2% to $1,207.09 an ounce in Singapore.
At the Multi Commodity Exchange, gold for delivery in August rose by Rs 76, or 0.33%, to Rs 27,421 per 10 grams in a business turnover of 14 lots.
The metal for delivery in June moved up by Rs 77, or 0.28%, to Rs 27,185 per 10 grams in a turnover of 528 lots.
Analysts said gains in the precious metal overseas after minutes of a US Fed meeting signalled borrowing costs won't be raised in June influenced gold prices at futures trade here.
Meanwhile, gold advanced as much as 0.2% to $1,207.09 an ounce in Singapore.
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First Published: May 22 2015 | 12:22 PM IST