Gold futures up 0.34 per cent on firm global cues, domestic demand

New Delhi: Gold futures rose by 0.34 percent to Rs 27,509 per 10 grams on October 21 as speculators enlarged positions after the metal gained in global markets. At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 94, or 0.34 per cent, to trade higher at Rs 27,509 per 10 grams in a turnover of 572 lots.

Similarly, the metal prices for delivery in February next year edged up by Rs 94, or 0.34 per cent, to Rs 27,637 per 10 grams, clocking a business volume of three lots. Analysts attributed the gains in the precious metal at futures trade to a firming trend in the overseas markets and a firming trend at domestic spot markets on the back of festive season buying. Globally, gold rose 0.14 per cent to trade at near five-week high at USD 1,248.60 an ounce in Singapore.