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Gold inches up in futures trade on global cues

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Press Trust of India New Delhi
Gold traded marginally higher by 0.08 per cent to Rs 24,771 per 10 grams in futures trade today largely in tune with a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in August edged up by Rs 19, or 0.08 per cent to Rs 24,771 per ten grams in a business turnover of 5,812 lots.

Likewise, the yellow metal for delivery in October contracts traded higher by Rs 10, or 0.04 per cent to Rs 24,983 per ten grams in 725 lots.

Analysts attributed the rise in gold futures to a firm global trend as investors awaited the outcome of the US Federal Reserve policy meeting.
 

Meanwhile, gold rose 0.4 per cent to USD 1,099.47 in Singapore.

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First Published: Jul 29 2015 | 4:57 PM IST

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