Gold futures gain 0.41% on firm global cues

Aug 06 2014, 11:34 IST
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SummaryGold prices rose 0.41 per cent to Rs 28,230 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend overseas.

Gold prices rose 0.41 per cent to Rs 28,230 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in October rose by Rs 116, or 0.41 per cent, to Rs 28,230 per 10 grams in a business turnover of 604 lots.

Similarly, the yellow metal for delivery in December traded higher by Rs 116, or 0.41 per cent, to Rs 28,195 per 10 grams in 9 lots.

Analysts said a firming trend in the global markets supported the upside in gold prices at futures trade here.

Meanwhile in Singapore, gold rose to USD 1,290.22 an ounce from USD 1,288.78 yesterday.

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