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Gold futures recovers on global cues

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Press Trust of India New Delhi
Gold prices rose by Rs 173 to Rs 25,110 per 10 grams in futures trade today as speculators created fresh positions amid positive cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in December moved up by Rs 173, or 0.69 per cent, to Rs 25,110 per 10 grams, with a business turnover of 952 lots.

The metal for delivery in far-month February 2016 rose by Rs 14, or 0.06 per cent, to trade at Rs 25,277 per 10 grams, with a trade volume of 952 lots.

Marketmen said increased positions built-up by speculators after the precious metal recovered in global markets as investors awaited the US November jobs report for clues on the timing of an interest-rate increase, influenced gold futures here.
 

Globally, gold in Singapore added 0.30 per cent to USD 1,065.12 an ounce.

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First Published: Dec 04 2015 | 1:48 PM IST

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