Gold futures up on firm global cues

Written by PTI | New Delhi | Updated: Jul 5 2014, 00:45am hrs
Gold futures rose 0.34 per cent to Rs 27,641 per 10 grams today amid a firming trend in global markets.

At the Multi Commodity Exchange, gold for delivery in

October rose by Rs 95, or 0.34 per cent, to Rs 27,641 per 10

grams with a business turnover of 85 lots.

In a similar fashion, the metal for delivery in August

moved up by Rs 90, or 0.32 per cent, to Rs 27,554 per 10 grams with a trade volume of 4,113 lots.

Market analysts said the rise in gold futures was mainly

in line with a firming trend in overseas markets after German

factory orders fell more than expected, raising demand for

the safe-haven.

Meanwhile, gold climbed 0.20 per cent to USD 1,321.89 an

ounce in London.