Gold futures up on global cues

Written by PTI | New Delhi | Updated: May 20 2014, 17:39pm hrs
Gold prices rose by 0.18 per cent, to Rs 28,195 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market.

At Multi Commodity Exchange, gold for delivery in June was up by Rs 51, or 0.18 per cent, to Rs 28,195 per 10 gram in business turnover of 313 lots.

The metal for delivery in far-month August moved up by Rs 27, or 0.10 per cent, to Rs 27,505 per 10 gram in a turnover of 22 lots.

Analysts said fresh positions created by participants following a better trend in global market, influenced gold prices at futures trade here.

Meanwhile, gold rose to USD 1,293.75 an ounce in Singapore from USD 1,292.97 yesterday.