Gold futures up 0.21 per cent on global cues

New Delhi: Gold price rose by 0.21 per cent to Rs 26,916 per 10 grams in futures trading on November 25 as speculators created fresh positions on a firm global trend. At the Multi Commodity Exchange, gold for delivery in February next year rose by Rs 57, or 0.21 per cent, to Rs 26,916 per ten gram on a business turnover of 907 lots.

Similarly, price of the yellow metal for delivery in December contract edged up by Rs 22, or 0.08 per cent, to Rs 26,502 per ten gram in 6,910 lots. Market analysts said speculators built up fresh positions, driven by a firm global trend where gold traded near the highest level in three weeks. This mainly boosted the sentiment. Meanwhile, gold price rose 0.4 per cent to USD 1,202.20 an ounce in London.