Gold Futures Up 0.33% on Global Cues
New Delhi: Gold rose 0.33 per cent to Rs 27,170 per 10 grams in futures trade today as participants engaged in enlarging positions on a firming trend overseas.
At the Multi Commodity Exchange, the metal for delivery in far-month December gained Rs 90, or 0.33 per cent, to trade at Rs 27,170 per 10 grams in a turnover of 153 lots.
Similarly, the metal for delivery in October contracts moved up by Rs 80, or 0.30 per cent, to Rs 26,978 per 10 grams, clocking a business volume of 2,710 lots.
Analysts said the rise global markets where gold rallied from an eight-month low, on speculation that reduced prices may spur purchases before the Federal Reserve begins a two-day policy meeting supported the rise in precious metal prices at futures trade here.
Globally, gold climbed 0.40 per cent to $1,235.07 an ounce in Singapore today.
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