Gold futures rise 0.36% on global cues

Monday, Dec 21, 2015,12:17 IST By metrovaartha A A A

New Delhi | Gold prices rose 0.36 per cent to Rs 25,300 per 10 grams in futures trade Monday as speculators created fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in far-month April was trading higher by Rs 92, or 0.36 per cent, to Rs 25,300 per 10 grams in a business turnover of four lots.

The metal for delivery in February moved up Rs 169, or 0.22 per cent, to Rs 25,151 per 10 grams in a turnover of 121 lots. Market analysts said a firming trend in overseas market where gold extended gains as investors assessed the pace of future US interest-rate increases, which the Federal Reserve has stressed, would be gradual, influenced gold futures here. Meanwhile, gold climbed as much as 0.2 per cent to USD 1,068.72 an ounce in Singapore today.