Gold futures up on firm global cues

Gold futures rose 0.34 per cent to Rs 27,641 per 10 grams today amid a firming trend in global markets.

At the Multi Commodity Exchange, gold for delivery in October rose by Rs 95, or 0.34 per cent, to Rs 27,641 per 10 grams with a business turnover of 85 lots.

In a similar fashion, the metal for delivery in August moved up by Rs 90, or 0.32 per cent, to Rs 27,554 per 10 grams with a trade volume of 4,113 lots.

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets after German factory orders fell more than expected, raising demand for the safe-haven.
 

Meanwhile, gold climbed 0.20 per cent to USD 1,321.89 an ounce in London.