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Gold futures up 0.33% on global cues

Participants enlarge positions on firming trend overseas

Press Trust of India New Delhi
Gold rose 0.33% to Rs 27,170 per 10 grams in futures trade today as participants engaged in enlarging positions on a firming trend overseas.

At the Multi Commodity Exchange, the metal for delivery in far-month December gained Rs 90, or 0.33%, to trade at Rs 27,170 per 10 grams in a turnover of 153 lots.

October gold moved up by Rs 80, or 0.30%, to Rs 26,978 per 10 grams, clocking a business volume of 2,710 lots.

Analysts said the rise in global markets where gold rallied from an 8-month low supported the rise in precious metal prices at futures trade here.
 

There was speculation that reduced prices may spur purchases before the Federal Reserve begins a two-day policy meeting. 

Globally, gold climbed 0.40% to $1,235.07 an ounce in Singapore today.

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First Published: Sep 15 2014 | 1:07 PM IST

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