1. Gold inches up in futures trade on firm global cues

Gold inches up in futures trade on firm global cues

At the Multi Commodity Exchange, gold for delivery in far-month April next year rose by Rs 50 or 0.20 per cent to Rs 25,668 per 10 grams in a business turnover of two lots.

By: | New Delhi | Published: December 9, 2015 11:44 AM
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The yellow metal for delivery in February traded higher by Rs 17 or 0.07 per cent to Rs 25,543 per 10 grams in 149 lots. (Reuters photo)

Gold prices rose by Rs 50 to Rs 25,668 per 10 grams in futures trading today as speculators raised their bets amid a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month April next year rose by Rs 50 or 0.20 per cent to Rs 25,668 per 10 grams in a business turnover of two lots.

Similarly, the yellow metal for delivery in February traded higher by Rs 17 or 0.07 per cent to Rs 25,543 per 10 grams in 149 lots.

Globally, gold rose 0.22 per cent to USD 1,077 an ounce in Singapore today.

Analysts said a firming trend in the global markets as investors priced in a US interest-rate rise this month and weighed the pace of increases next year, influenced gold futures here.

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