Gold a shade higher in futures trade on global cues

Sep 03 2014, 12:27 IST
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SummaryGold prices rose 0.16 per cent to Rs 27,765 per 10 grams in futures trading today...

Gold prices rose 0.16 per cent to Rs 27,765 per 10 grams in futures trading today as speculators enlarged positions amidst a rebound in global markets.

At the Multi Commodity Exchange, gold for delivery in December moved up by Rs 43, or 0.16 per cent, to Rs 27,765 per 10 grams in a business turnover of six lots.

Similarly, the yellow metal for delivery in far-month October traded higher by Rs 25, or 0.09 per cent, to Rs 27,579 per 10 grams in 218 lots.

Analysts said a slightly better trend in the global markets after yesterday's plunge supported the upside in gold prices at futures trade here.

Meanwhile in Singapore, gold traded higher at USD 1,266.15 an ounce from USD 1,265.40 yesterday.

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