New Delhi: Gold prices rose by Rs 45 to Rs 27,363 per 10 grams in futures trading on October 21 as speculators enlarged positions amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in far-month February next year rose Rs 45, or 0.16 per cent, to Rs 27,318 per 10 grams in a business turnover of 16 lots.
Similarly, the yellow metal for delivery in December was trading higher by Rs 40, or 0.15 per cent, to Rs 27,152 per 10 grams in 930 lots.
Analysts said a firming trend in the global markets as investors awaited next week’s meeting of Federal Reserve policy makers for clues on the timing of a US rate increase amid speculation that a rise may be likely only in 2016, supported the upside in gold prices at futures trade here. In Singapore, gold advanced 0.3 per cent to USD 1,179.35 an ounce.
