Gold futures gain Rs 44 powered by global cues
Gold futures are up by Rs 44 to Rs 26,662 per 10 grams
New Delhi: Gold futures were up by Rs 44 to Rs 26,662 per 10 grams as speculators created fresh bets amid positive cues from global markets. At Multi Commodity Exchange, gold for delivery in far-month December was trading higher by Rs 44, or 0.17 per cent, to Rs 26,662 per 10 grams in a business turnover of one lot.
The metal for delivery in October contract rose Rs 33, or 0.12 per cent, at Rs 26,457 per 10 grams in a turnover of 147 lots. Analysts attributed the rise in gold prices to a firming trend overseas after the dollar fell, raising demand for the safe-haven precious metals.
Meanwhile, gold was trading 0.4 per cent higher at USD 1,125.48 an ounce in Singapore.
( Source : PTI )
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