Gold futures up Rs 65 on firm global cues

Wednesday, Jan 6, 2016,11:07 IST By metrovaartha A A A

New Delhi | Gold prices rose by Rs 65 to Rs 25,453 per 10 gram in futures trading Wednesday as speculators enlarged their positions amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 65, or 0.26 per cent, to Rs 25,453 per 10 gram, in a business turnover of 275 lots.

Similarly, the yellow metal for delivery in far-month April traded higher by Rs 55, or 0.22 per cent, to Rs 25,588 per 10 gram in 13 lots.

Analysts said a firming trend in the global markets where gold rose to USD 1,077.23 an ounce in Singapore as investors eyed Federal Reserve minutes to be released on Wednesday, influenced gold futures here.

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