 "Gold rises in futures trade on global cues")
Gold prices rose by Rs 103 to Rs 27,133 per 10 grams in futures trade as speculators created fresh positions after the precious metal surged to nearly three-month high in the global markets.
At the Multi Commodity Exchange, gold for delivery in February contracts was up by Rs 103, or 0.38%, to Rs 27,133 per 10 grams in a business turnover of 922 lots.
Metal for delivery in far-month April contracts was also up by Rs 65, or 0.24%, at Rs 27,303 per ten gram in a business volume of 10 lots.
Globally, the metal's rates rose by 0.5% to $1,239.34 an ounce in Singapore, the highest price since October 23.
At the Multi Commodity Exchange, gold for delivery in February contracts was up by Rs 103, or 0.38%, to Rs 27,133 per 10 grams in a business turnover of 922 lots.
Metal for delivery in far-month April contracts was also up by Rs 65, or 0.24%, at Rs 27,303 per ten gram in a business volume of 10 lots.
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Analysts said attributed rise in gold prices to a firming trend overseas where the precious metal climbed to three-month high
Globally, the metal's rates rose by 0.5% to $1,239.34 an ounce in Singapore, the highest price since October 23.