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Gold up by 0.8% in futures trade on global cues

Speculators created fresh positions, taking positive cues from global markets

Press Trust of India New Delhi
Gold prices rose 0.79% to Rs 26,671 per 10 grammes in futures trade today as speculators created fresh positions, taking positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in far-month December was up by Rs 209, or 0.79% to Rs 26,671 per 10 gm in a business turnover of eight lots.

The metal for delivery in October moved up by Rs 202 or 0.77% to Rs 26,480 per 10 gm in a turnover of 216 lots.

Market analysts said rise in the precious metal in global markets as prospects dimmed as market turmoil has delayed the Federal Reserve's plan to raise interest rates.
 

Globally, gold climbed as much as 0.6% to $1,131.80 an ounce in Singapore today.

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First Published: Aug 28 2015 | 11:13 AM IST

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