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Gold futures extend gains, up 0.32% on firm global cues

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Press Trust of India New Delhi
Continuing its rising streak for the third straight day, gold prices went up by another 0.32 per cent to Rs 27,011 per 10 grams in futures trade today, tracking a firm global trend.

At the Multi Commodity Exchange, gold for delivery in December month moved up by Rs 86, or 0.32 per cent, to Rs 27,011 per 10 grams in business turnover of 4,988 lots.

Likewise, the yellow metal for delivery in far-month February next year gained Rs 59, or 0.22 per cent, to Rs 27,204 per 10 grams in 51 lots.

Market analysts attributed the rise in gold futures to a firming global trend before a US Federal Reserve meeting where policy makers are seen refraining from raising interest rates and may push out expectations for an increase further into the future.
 

Meanwhile, gold rose 0.4 per cent to USD 1,171.86 an ounce in London.

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First Published: Oct 28 2015 | 5:28 PM IST

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