Gold futures price up on firm global cues

Gold futures prices rose by 0.25 per cent to Rs 27,141 per 10 gm today.

Written by PTI | New Delhi | Published:May 14, 2013 10:40 am

Gold futures prices rose by 0.25 per cent to Rs 27,141 per 10 gm today as speculators enlarged their positions on the back of firming global trends.

At the Multi Commodity Exchange,gold for delivery in far-month August rose by Rs 62,or 0.25 per cent,to Rs 27,141 per 10 grams,with a business turnover of 174 lots.

In a similar fashion,the metal for delivery in June moved up by Rs 60,or 0.24 per cent,to Rs 26,914 per 10 grams,with a trade volume of 792 lots.

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as a three-day declining streak lure some buyers.

Meanwhile,gold rose by 1.10 per cent to USD 1,445.57 an ounce in Singapore in early trade today.

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