Gold futures up by 0.3% on global cues
Speculators enlarged their positions, tracking a firming trend overseas
 "Gold futures up by 0.3% on global cues")
Gold rose by Rs 70 to Rs 26,230 per 10 grams in futures trading today as speculators enlarged their positions, tracking a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in February spurted Rs 70, or 0.27%, to Rs 26,230 per 10 grams, in a business turnover of 389 lots.
Similarly, the metal for delivery in far-month April was also trading higher by Rs 61, or 0.23%, to Rs 26,261 per 10 grams in 23 lots.
Market analysts said speculators widened their bets backed up a firming global trend as investors weighed the prospects of the metal as a safe-haven even as equities in Asia continued to rally.
Globally, gold climbed 0.3% to $1,101.04 an ounce in Singapore.
At the Multi Commodity Exchange, gold for delivery in February spurted Rs 70, or 0.27%, to Rs 26,230 per 10 grams, in a business turnover of 389 lots.
Similarly, the metal for delivery in far-month April was also trading higher by Rs 61, or 0.23%, to Rs 26,261 per 10 grams in 23 lots.
Market analysts said speculators widened their bets backed up a firming global trend as investors weighed the prospects of the metal as a safe-haven even as equities in Asia continued to rally.
Globally, gold climbed 0.3% to $1,101.04 an ounce in Singapore.
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First Published: Jan 25 2016 | 11:07 AM IST