Gold price rises in futures trade on global cues

Jun 10 2014, 12:17 IST
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SummaryGold prices rose by Rs 57 to Rs 26,133 per 10 gram in futures trade as speculators engaged in enlarging positions amid a better trend overseas.

Gold prices rose by Rs 57 to Rs 26,133 per 10 gram in futures trade as speculators engaged in enlarging positions amid a better trend overseas.

At the Multi Commodity Exchange, gold for delivery in October was up by Rs 57, or 0.22 per cent, to Rs 26,133 per 10 gm in business turnover of 33 lots.

The metal for delivery in August contracts moved up by Rs 26, or 0.10 per cent, to Rs 26,008 per 10 gm in a turnover of 509 lots.

Analysts said the rise in the gold prices was at futures trade was mostly in line with a firming trend overseas on speculation that price declines after a rally in equity markets may spur purchases.

Meanwhile, gold traded USD 2.13 higher at USD 1,254.47 an ounce in Singapore.

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