Gold futures rise on Global cues

Gold rose by 2.92 per cent to USD 1,320.10 an ounce in New York last night.

Written by Press Trust Of India | New Delhi | Published:October 18, 2013 3:12 pm

Gold prices rose by Rs 53 to Rs 29,311 per ten grams in futures trade today as speculators enlarged positions,driven by a firming global trend.

At the Multi Commodity Exchange,gold for delivery in far-month February rose by Rs 53,or 0.18 per cent,to Rs 29,311 per ten grams in business turnover of 48 lots.

Similarly,the metal for delivery in December traded higher by Rs 25,or 0.08 per cent,to Rs 29,563 per ten grams in 2,312 lots.

Market analysts said speculators enlarged their positions on the back of a firming global trend,which led to rise in gold prices at futures trade.

Meanwhile,gold rose by 2.92 per cent to USD 1,320.10 an ounce in New York last night.

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