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Gold up 0.2% on global cues

Metal for delivery in April contracts edged up by 0.12%

<a href="http://www.shutterstock.com/pic-76071352/stock-photo-gold-jewelry-background-soft-selective-focus.html" target="_blank">Image</a> via Shutterstock

Press Trust of India New Delhi
Gold prices rose by 0.21% to Rs 26,325 per 10 grams in futures trade today as speculators created fresh positions, tracking a firm global trend.

At the Multi Commodity Exchange, gold for delivery in June month moved up by Rs 56, or 0.21% to Rs 26,325 per ten gram in business turnover of 2,223 lots.

Likewise, the metal for delivery in April contracts edged up by Rs 32, or 0.12% to Rs 26,236 per kg in 398 lots.

Analysts said fresh positions built up by participants amid a firm global trend as the dollar retreated, raising appeal of the precious metals, mainly influenced gold prices.
 

Meanwhile, gold rose 0.5% to USD 1,189.15 an ounce in Singapore.

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First Published: Apr 01 2015 | 2:32 PM IST

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