Gold futures prices rise on global cues

Nov 08 2012, 12:13 IST
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Gold prices rose by Rs 100 to Rs 31,306 per 10 grams in futures trade. (Reuters) Gold prices rose by Rs 100 to Rs 31,306 per 10 grams in futures trade. (Reuters)
SummaryGold prices rose by Rs 100 to Rs 31,306 per 10 grams in futures trade.

Gold prices rose by Rs 100 to Rs 31,306 per 10 grams in futures trade today as speculators created fresh positions, taking positive cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 100, or 0.32 per cent, to Rs 31,306 per 10 grams, with a business turnover of 1,611 lots. Similarly, the metal for delivery in February moved up by Rs 101, or 0.32 per cent, to Rs 31,719 per 10 grams, with a business turnover of 178 lots.

Marketmen said fresh buying by speculators in tandem with a firm global trend mainly led to a rise in gold futures.

Globally, the gold in Singapore climbed 0.2 per cent to USD 1,720.50 an ounce.

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