Gold futures rise 0.6% on firm global cues

Gold for delivery in far-month October moved up by 0.56%

Gold prices rose by 0.64% to Rs 26,515 per ten grams in futures trade today as speculators enlarged their positions, tracking a firm global trend.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 168, or 0.64%, to Rs 26,515 per 10 grams in business turnover of 8,264 lots.

Similarly, gold for delivery in far-month October moved up by Rs 148, or 0.56%, to Rs 26,606 per 10 grams in 334 lots.

Market analysts said fresh positions created by speculators in tandem with a firming global trend mainly led to rise in gold prices at futures trade.

Meanwhile, gold climbed 0.56%, to $1,281.60 an ounce in London.