Gold futures gain by 0.5% on global cues

Gold futures were up by Rs 126 to Rs 25,195 per 10 gram as speculators created fresh bets amid positive cues from the global markets.

At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 126, or 0.50%, to Rs 25,195 per 10 gram in business turnover of 31 lots.

The metal for delivery in far-month February next year contract rose Rs 108, or 0.43%, at Rs 25,371 per 10 grams in a turnover of 179 lots.

Analysts attributed the rise in gold prices to a firming trend overseas as investors await speech from Federal Reserve Chair Janet Yellen and the November jobs report later this week for more clues on when the Fed will raise rates.
 
Meanwhile, gold was trading 0.3% higher at $1,067.94 an ounce in Singapore.