Gold rises 0.27% in futures trade on global cues

Wednesday, Dec 30, 2015,11:41 IST By metrovaartha A A A

New Delhi | Gold prices rose 0.27 per cent to Rs 25,199 per 10 gram in futures trade Wednesday after speculators created fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in February was up by Rs 69, or 0.27 per cent, to Rs 25,199 per 10 gram, in a business turnover of 269 lots. The metal for delivery in far-month April moved up by Rs 48, or 0.19 per cent, to Rs 25,302 per 10 gram, in a turnover of one lot.

Market analysts said rise in the precious metal in global markets as investors focused on the outlook for 2016, influenced gold prices at futures trade here.

Meanwhile, gold climbed as much as 0.14 per cent to USD 1,070.50 an ounce in Singapore today.

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