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Gold futures up Rs 100 on global cues

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by December 27, 2016 General

Gold prices rose Rs 100 to Rs 27,001 per 10 grams in futures trade on Tuesday as speculators created fresh positions, taking positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in far-month April next year was up by Rs 100, or 0.37%, to Rs 27,001 per 10 grams in a trade volume of two lots. The metal for delivery in February moved up Rs 62, or 0.23%, to Rs 27,099 per 10 grams in a turnover of 124 lots.

Market analysts said rise in the precious metal at the global market mainly influenced gold prices at futures trade here. Meanwhile, gold climbed as much as 0.74% to $1,136.70 (around Rs 77164.88) an ounce in Singapore on Tuesday.

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