Gold a shade higher in futures trade on global cues

New Delhi: Gold prices rose 0.16 per cent to Rs 27,765 per 10 grams in futures trading on September 3 as speculators enlarged positions amidst a rebound in global markets. At the Multi Commodity Exchange, gold for delivery in December moved up by Rs 43, or 0.16 per cent, to Rs 27,765 per 10 grams in a business turnover of six lots.

Similarly, the yellow metal for delivery in far-month October traded higher by Rs 25, or 0.09 per cent, to Rs 27,579 per 10 grams in 218 lots. Analysts said a slightly better trend in the global markets after 2^nd September’s plunge supported the upside in gold prices at futures trade here. Meanwhile in Singapore, gold traded higher at USD 1,266.15 an ounce from USD 1,265.40 on September 2.