Gold up by 0.7% on firm global cues
Speculators widened positions amid a firming trend overseas
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Gold prices rose Rs 174 to Rs 26,370 per 10 grams in futures trading today as speculators widened positions amid a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month October rose Rs 174, or 0.66%, to Rs 26,370 per 10 grams in a business turnover of 810 lots.
Similarly, the yellow metal for delivery in far-month December traded higher by Rs 172, or 0.65%, to Rs 26.577 per 10 grams in 36 lots.
Marketmen said a firming trend in the global markets where gold advanced the most in three months as prospects dimmed for a US interest rate increase in September, boosting the metal's allure, influenced gold futures here.
Globally, gold traded higher at $1,134.20 an ounce in Singapore today after surging 1.5% to $1,133.88 yesterday, its biggest increase since May 13.
At the Multi Commodity Exchange, gold for delivery in far-month October rose Rs 174, or 0.66%, to Rs 26,370 per 10 grams in a business turnover of 810 lots.
Similarly, the yellow metal for delivery in far-month December traded higher by Rs 172, or 0.65%, to Rs 26.577 per 10 grams in 36 lots.
Marketmen said a firming trend in the global markets where gold advanced the most in three months as prospects dimmed for a US interest rate increase in September, boosting the metal's allure, influenced gold futures here.
Globally, gold traded higher at $1,134.20 an ounce in Singapore today after surging 1.5% to $1,133.88 yesterday, its biggest increase since May 13.
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First Published: Aug 20 2015 | 11:42 AM IST