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Gold futures rise 0.27% on global cues

Traders enlarge positions as metal gains 0.2%b in Singapore

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Press Trust of India New Delhi
Gold prices were up by 0.27 per cent to Rs 27,614 per 10 gram in futures trade as speculators enlarged positions amid a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December moved up by Rs 73, or 0.27 per cent, to Rs 27,614 per 10 gram in a business turnover of 43 lots.

October gold gained Rs 59, or 0.22 per cent, to Rs 27,437 per 10 gram in 1,036 lots.

Analysts said the rise in gold prices at futures trade was mostly attributed to a firming trend overseas as speculators enlarged positions.

Meanwhile, gold rose 0.2 per cent to $1,270.78 an ounce in Singapore.

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First Published: Sep 08 2014 | 1:16 PM IST

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