Gold futures up 0.31% on firm global cues

Gold futures prices today rose by 0.31 per cent to Rs 26,418 per 10 grams as speculators enlarged positions after the metal gained in the global market.



At the Multi Commodity Exchange, metal prices for delivery in far-month June contracts gained Rs 81, or 0.31 per cent, to trade higher at Rs 26,418 per 10 gram in a turnover of 12 lots.



Also, the metal prices for delivery in April edged up by Rs 71, or 0.31 per cent, to Rs 26,224 per 10 gram, clocking a business volume of 561 lots.



Analysts attributed gains in the precious metal at futures trade to a firming trend in the overseas markets.



In the international market, gold rose to USD 1,203.976 an ounce in Singapore from USD 1,201.83 yesterday.



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Posted in: Indian Market Tips