Gold futures trades higher 0.56 pc on global cues

Written by PTI | New Delhi | Updated: Feb 10 2014, 19:59pm hrs
GoldGold prices traded higher by 0.56 per cent to Rs 28,914 per ten gram in futures trade today as speculators enlarged positions in tandem with a firm global trend. Reuters
Gold prices traded higher by 0.56 per cent to Rs 28,914 per ten gram in futures trade today as speculators enlarged positions in tandem with a firm global trend.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 160, or 0.56 per cent to Rs 28,914 per ten gram in business turnover of 1522 lots.

In a similar fashion, the metal for delivery in June traded higher by Rs 136, or 0.48 per cent to Rs 28,549 per ten gram in 52 lots.

Market analysts said fresh positions created by speculators in tandem with a firm global trend as US jobs data missed estimates and Chinese buyers returned after the Lunar New Year break, mainly influenced gold prices at futures trade.

Meanwhile, gold traded higher at 1,269.25 dollar an ounce from 1,267.27 dollar on February 7 in Singapore.