Gold Futures Up on Firm Global Cues
New Delhi: Gold futures prices rose by 0.47 per cent to 
27,598 per 10 grams today, as speculators enlarged their positions on the back of a firming global trend.
At the Multi Commodity Exchange, gold for delivery in February rose by 131 or 0.47 percent to 27,998 per 10 grams, with a business turnover of 4,234 lots.
In a similar fashion, the metal for delivery in April moved up by similar margin to, 28,299 per 10 grams, with a trade volume of 187 lots.
Market analysts said the rise in gold futures was attributed to reports of a firming trend in the overseas markets as the euro advanced after European finance ministers boosted their anti-crisis efforts by pledging extra funding to the International Monetary fund.
Meanwhile, gold rose by $9.80, or 0.61 per cent, to $1,626 an ounce in Singapore in early trade today.
Source: PTI
27,598 per 10 grams today, as speculators enlarged their positions on the back of a firming global trend.
At the Multi Commodity Exchange, gold for delivery in February rose by 131 or 0.47 percent to 27,998 per 10 grams, with a business turnover of 4,234 lots.
In a similar fashion, the metal for delivery in April moved up by similar margin to, 28,299 per 10 grams, with a trade volume of 187 lots.
Market analysts said the rise in gold futures was attributed to reports of a firming trend in the overseas markets as the euro advanced after European finance ministers boosted their anti-crisis efforts by pledging extra funding to the International Monetary fund.
Meanwhile, gold rose by $9.80, or 0.61 per cent, to $1,626 an ounce in Singapore in early trade today.