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Gold rises by 0.3% in futures trade on global cues

Speculators created fresh positions, taking positive cues from global markets

Gold rises by 0.3% in futures trade on global cues

Press Trust of India New Delhi
Gold prices rose 0.27% to Rs 25,199 per 10 gram in futures trade today after speculators created fresh positions, taking positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in February was up by Rs 69, or 0.27%, to Rs 25,199 per 10 gram, in a business turnover of 269 lots.

The metal for delivery in far-month April moved up by Rs 48, or 0.19%, to Rs 25,302 per 10 gram, in a turnover of one lot.

Market analysts said rise in the precious metal in global markets as investors focused on the outlook for 2016, influenced gold prices at futures trade here.
 

Meanwhile, gold climbed as much as 0.14% to $1,070.50 an ounce in Singapore today.

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First Published: Dec 30 2015 | 11:02 AM IST

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