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Gold up 0.2% on global cues

Metal for delivery in August contracts moved up by 0.10%

Press Trust of India New Delhi
Gold prices rose by Rs 57 to Rs 26,133 per 10 gram in futures trade as speculators engaged in enlarging positions amid a better trend overseas.

At the Multi Commodity Exchange, gold for delivery in October was up by Rs 57, or 0.22%, to Rs 26,133 per 10 gm in business turnover of 33 lots.

The metal for delivery in August contracts moved up by Rs 26, or 0.10%, to Rs 26,008 per 10 gm in a turnover of 509 lots.

Analysts said the rise in the gold prices was at futures trade was mostly in line with a firming trend overseas on speculation that price declines after a rally in equity markets may spur purchases.
 
Meanwhile, gold traded USD 2.13 higher at USD 1,254.47 an ounce in Singapore.

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First Published: Jun 10 2014 | 12:02 PM IST

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