 "Gold futures up Rs 98 per ten gram on global cues")
Gold futures traded Rs 98 higher at Rs 27,798 per ten grams as speculators created fresh positions taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in February was up by Rs 98, or 0.36%, to Rs 27,798 per 10 grams in a business turnover of 327 lots.
The metal for delivery in far-month April was trading at Rs 86, or 0.30% higher at Rs 27,8889 per ten grams in a turnover of 17 lots.
Further, a firming trend at domestic spot markets where gold prices were up by Rs 100 to Rs 28,080 per ten gram in the national capital on the back of wedding season demand, supported the upside.
Meanwhile, gold was trading $1.16 higher at $1,276.81 an ounce in Singapore.
At the Multi Commodity Exchange, gold for delivery in February was up by Rs 98, or 0.36%, to Rs 27,798 per 10 grams in a business turnover of 327 lots.
The metal for delivery in far-month April was trading at Rs 86, or 0.30% higher at Rs 27,8889 per ten grams in a turnover of 17 lots.
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Analysts said fresh positions created by participants following a better trend in global market influenced gold prices at futures trade here.
Further, a firming trend at domestic spot markets where gold prices were up by Rs 100 to Rs 28,080 per ten gram in the national capital on the back of wedding season demand, supported the upside.
Meanwhile, gold was trading $1.16 higher at $1,276.81 an ounce in Singapore.