Gold futures rise 0.22% on positive global cues

Friday, Aug 26, 2016,11:39 IST By metrovaartha A A A

New Delhi | Tracking a firm trend overseas, gold prices moved up by 0.22 per cent to Rs 31,197 per 10 gram in futures trade Friday as traders indulged in creating fresh positions.

At the Multi Commodity Exchange, gold for delivery in far-month December rose by Rs 67, or 0.22 per cent, to Rs 31,197 per 10 gram in a business turnover of 55 lots.

Likewise, the yellow metal for delivery in October traded higher by Rs 53, or 0.17 per cent, to Rs 30,981 per 10 gram in 379 lots.

Analysts attributed the rise in gold futures to fresh positions created by participants in tandem with a firm trend overseas.

Globally, gold rose 0.15 per cent to USD 1,323.60 an ounce in Singapore.