Gold futures up 0.77 pct on global cues

Jan 27 2014, 13:20 IST
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Gold for delivery in April rose by Rs 223, or 0.77 per cent to Rs 29,036 per ten grams in business turnover of 384 lots. Reuters Gold for delivery in April rose by Rs 223, or 0.77 per cent to Rs 29,036 per ten grams in business turnover of 384 lots. Reuters
SummaryGold prices moved up by 0.77 pct to Rs 29,036 per ten gram in futures trade.

Gold prices moved up by 0.77 per cent to Rs 29,036 per ten gram in futures trade today as speculators buying, tracking a firm global trend.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 223, or 0.77 per cent to Rs 29,036 per ten grams in business turnover of 384 lots.

In a similar fashion, the metal for delivery in February moved up by Rs 151, or 0.51 per cent to Rs 29,670 per ten gram in 1845 lots.

Analysts said speculators enlarged their positions in tandem with a firm global trend where gold rose to two-month high mainly led to rise in gold prices at futures trade.

Meanwhile, gold rose by 0.8 per cent to USD 1,279.61 an ounce, the highest level in Singapore since November 18.

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