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Gold futures rise 0.5% on global cues

Market analysts said a firming trend in the global market before data on US jobs, influenced gold futures

Press Trust of India New Delhi
Gold futures rose 0.49% today to Rs 28,790 per 10 grams as speculators enlarged their positions, driven by a firming trend in the Asian region.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 140, or 0.49%, to Rs 28,790 per 10 grams in a business turnover of 522 lots.

The metal for delivery in the June moved up by Rs 133, or 0.47%, to Rs 28,464 per 10 grams in a turnover of 10 lots.

Market analysts said a firming trend in the global market before data on US jobs, influenced gold futures here.

Meanwhile, gold rose $2.50, or 0.20%, to $1,260.30 an ounce in Singapore in early trade today.
 

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First Published: Feb 07 2014 | 10:55 AM IST

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