Gold futures rise by 0.1% on global cues

Gold prices rose 0.13% to Rs 26,502 per 10 gram in futures trade today as speculators created fresh positions, taking positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in October was up by Rs 35, or 0.13%, to Rs 26,502 per 10 gram in a business turnover of 15 lots.

The metal for delivery in far-month December moved up Rs 36, or 0.13%, to Rs 26,720 per 10 gm in a turnover of 15 lots.

Market analysts said rise in the precious metal at global markets ahead of a speech from Federal Reserve chief Janet Yellen, which will provide more clarity on the bank's plans for an interest rate hike, influenced gold prices at futures trade here.
 
Meanwhile, gold climbed as much as 0.42% to $1,135 an ounce in Singapore today.