Taking positive cues from global market, gold futures prices rose 0.72 per cent to Rs 27,047 per 10 grams today as speculators enlarged their positions.
On the Multi Commodity Exchange, the yellow metal for delivery in far-month October gained Rs 193 or 0.72 per cent to Rs 27,047 per 10 gm in a turnover of 56 lots.
Similarly, the metal for delivery in August spurted Rs 175 or 0.65 per cent to Rs 26,918 per 10 gm clocking a business volume of 1,464 lots.
Analysts attributed the rise in gold prices at the futures trade to the precious metal’s sustained rise in the global market after US Federal Reserve chief Ben S. Bernanke called for maintaining stimulus.
Globally, the yellow metal rose 0.7 per cent to $1,295.20 an ounce in Singapore today.
courtesy of thehindubusinessline.com
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