 "Gold gains on global cues; up 1.3%")
Continuing its rising streak, gold futures prices today rose further by 1.34% to Rs 32,304 per ten gram as speculators engaged in enlarging positions on positive global cues.
Besides, sliding rupee which again breached 65-mark against the dollar also supported the rise in gold futures.
At the Multi Commodity Exchange, metal for delivery in October gained Rs 428, or 1.34%, to trade higher at Rs 32,304 per 10 gm in a turnover of 845 lots.
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Similarly, the metal for delivery in far-month December spurted by Rs 284, or 1.21%, to Rs 32,220 per 10 gm, clocking a business volume of 52 lots.
Analysts said apart from sliding rupee, a firming trend in the global market as investors weighed the outlook for stimulus in the US, with a drop in durable goods orders adding to signs that debt-buying may be sustained, influenced gold prices at futures trade here.
Globally, gold rose 0.20% to $1,407.42 an ounce in Singapore today, the highest price since June 7.