Gold Futures Rise by 0.43 Per Cent on Global Cues
Gold prices rose by 0.43 per cent to Rs 27,785 per 10 grams in futures trade on Friday as speculators created fresh positions taking positive cues from overseas markets.
At the Multi Commodity Exchange (MCX), gold for delivery in August moved up by Rs 118, or 0.43 per cent, to Rs 27,785 per 10 grams, with a business turnover of 677 lots.
The metal for delivery in far-month October rose by a similar margin to trade at Rs 27,860 per 10 grams, with a trade volume of 33 lots.
Marketmen said increased positions built-up by speculators after the precious metal rallied to a two-week high in global markets, as investors assessed the outlook for US borrowing costs, influenced gold futures here.
Globally, gold in Singapore added 0.20 per cent to $1,319.52 an ounce.
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