Gold up by 0.2% on global cues
Speculators widened positions, tracking a firming trend overseas
 "Gold up by 0.2% on global cues")
Gold rose by Rs 42 to Rs 26,791 per 10 grams in futures trading today as speculators widened positions, tracking a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 42, or 0.16%, to Rs 26,791 per 10 grams, in a business turnover of 890 lots.
Similarly, the metal for delivery in far-month April was up by Rs 39, or 0.15%, to Rs 26,869 per 10 grams in 155 lots.
Market analysts said speculators enlarged their positions on the back of a firming global trend after Federal Reserve policy makers said they were closely tracking global developments, influenced gold futures here.
Globally, gold climbed as much as 0.45% to $1,124.70 an ounce in New York yesterday.
At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 42, or 0.16%, to Rs 26,791 per 10 grams, in a business turnover of 890 lots.
Similarly, the metal for delivery in far-month April was up by Rs 39, or 0.15%, to Rs 26,869 per 10 grams in 155 lots.
Market analysts said speculators enlarged their positions on the back of a firming global trend after Federal Reserve policy makers said they were closely tracking global developments, influenced gold futures here.
Globally, gold climbed as much as 0.45% to $1,124.70 an ounce in New York yesterday.
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First Published: Jan 28 2016 | 11:22 AM IST