Business Standard

Gold futures rise on positive global cues

Speculators enlarged their positions on the back of a firming global trend, that mainly led to rise in gold prices at futures trade

Press Trust of India New Delhi
Gold prices rose Rs 152 to Rs 27,193 per ten grams in futures trading today as speculators enlarged their positions, taking positive cues from overseas markets.

At the Multi Commodity Exchange, the June contract rose Rs 152, or 0.56% to Rs 27,193 per ten grams in business turnover of 3,117 lots.

The August contract moved up by Rs 144, or 0.52% to Rs 27,596 per ten grams in 94 lots.

Market analysts said speculators enlarged their positions on the back of a firming global trend, that mainly led to rise in gold prices at futures trade.

Meanwhile, gold climbed 1.2% to $1,485.50 an ounce, the highest since April 15 in Singapore.

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First Published: Apr 26 2013 | 11:24 AM IST

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