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Gold futures up 0.1% on global cues

Participants created fresh positions taking cues from overseas markets

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Press Trust of India New Delhi
Gold prices rose by Rs 34, or 0.13%, to Rs 26,849 per 10 grams in futures trade today after participants created fresh positions taking cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in February next year contracts rose Rs 34, or 0.13%, to Rs 26,849 per 10 grams, with a business turnover of 484 lots.

Similarly, the metal for delivery in far-month April moved up by Rs 27, or 0.10%, to Rs 27,052 per 10 grams in a trade volume of one lot.

Marketmen said fresh positions built-up by speculators in line overnight gains in overseas markets, where gold rebounds from two-week low on signs of rising physical demand, mainly led to a rise in gold futures.
 
Globally, gold in New York traded 0.76% higher at $1,197.90 an ounce in yesterday's trade.

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First Published: Dec 19 2014 | 11:35 AM IST

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