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Gold futures gain 0.33 per cent on firm global cues

Gold is trading at Rs 25,177 per 10 grams

New Delhi: Gold prices moved up by 0.33 per cent to Rs 25,177 per 10 grams in futures trade today as speculators enlarged positions, tracking a firm global trend.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 83, or 0.33 per cent, to Rs 25,177 per 10 grams in a business turnover of 158 lots. Likewise, the yellow metal for delivery in far-month February next year gained Rs 76, or 0.30 per cent, to Rs 25,331 per 10 grams in 20 lots.

Analysts said speculators enlarged their positions on the back of firm global trend where precious metal rose from a five-year low, mainly influenced gold prices at futures trade. Globally, gold rose 0.7 per cent to USD 1,077.65 an ounce in Singapore.

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( Source : PTI )
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