 "Gold futures rise 0.5% on global cues")
Gold prices advanced by 0.49% to Rs 27,545 per 10 grams in futures trade today as speculators indulged in enlarging their positions amidst a firming global trend.
At the Multi Commodity Exchange, gold for delivery in June gained Rs 135, or 0.49%, to Rs 27,545 per 10 grams in a business turnover of four lots.
Likewise, the metal for delivery in April moved up by Rs 90, or 0.33%, to Rs 27,391 per 10 grams in 677 lots.
Besides, pick-up in demand at domestic spot market fuelled the uptrend.
Meanwhile, gold traded higher at $1,266.15 an ounce from $1,264.82 an ounce in Singapore.
At the Multi Commodity Exchange, gold for delivery in June gained Rs 135, or 0.49%, to Rs 27,545 per 10 grams in a business turnover of four lots.
Likewise, the metal for delivery in April moved up by Rs 90, or 0.33%, to Rs 27,391 per 10 grams in 677 lots.
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Analysts attributed the rise in gold futures to a firming global trend before an employment report that may provide clues on the timing of interest rate hike in the US.
Besides, pick-up in demand at domestic spot market fuelled the uptrend.
Meanwhile, gold traded higher at $1,266.15 an ounce from $1,264.82 an ounce in Singapore.