Gold futures up 0.48% on firm global cues

Written by PTI | New Delhi | Updated: Jul 17 2014, 17:12pm hrs
Gold futures prices today rose by 0.48 per cent to Rs 27,771 per 10 grams as speculators enlarged positions after the metal gained in the global market.

At the Multi Commodity Exchange, metal prices for delivery in far-month October gained Rs 134, or 0.48 per cent, to trade higher at Rs 27,771 per 10 gram in a turnover of 43 lots.

Similarly, the metal prices for delivery in August edged up by Rs 114, or 0.41 per cent, to Rs 27,790 per 10 gram, clocking a business volume of 672 lots.

Analysts attributed gains in the precious metal at futures trade to a firming trend in the overseas markets amid signs of increased demand in China and India, the worlds two largest consumers.

Globally, gold rose to USD 1,301.86 an ounce in Singapore from USD 1,299.21 yesterday.