Gold rises in futures trade on global cues
Speculators created fresh positions after the precious metal surged to nearly three-month high in the global markets
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Gold prices rose by Rs 103 to Rs 27,133 per 10 grams in futures trade as speculators created fresh positions after the precious metal surged to nearly three-month high in the global markets.
At the Multi Commodity Exchange, gold for delivery in February contracts was up by Rs 103, or 0.38%, to Rs 27,133 per 10 grams in a business turnover of 922 lots.
Metal for delivery in far-month April contracts was also up by Rs 65, or 0.24%, at Rs 27,303 per ten gram in a business volume of 10 lots.
Analysts said attributed rise in gold prices to a firming trend overseas where the precious metal climbed to three-month high
Globally, the metal's rates rose by 0.5% to $1,239.34 an ounce in Singapore, the highest price since October 23.
At the Multi Commodity Exchange, gold for delivery in February contracts was up by Rs 103, or 0.38%, to Rs 27,133 per 10 grams in a business turnover of 922 lots.
Metal for delivery in far-month April contracts was also up by Rs 65, or 0.24%, at Rs 27,303 per ten gram in a business volume of 10 lots.
Analysts said attributed rise in gold prices to a firming trend overseas where the precious metal climbed to three-month high
Globally, the metal's rates rose by 0.5% to $1,239.34 an ounce in Singapore, the highest price since October 23.
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First Published: Jan 13 2015 | 11:35 AM IST