Gold futures up by Rs 109 on global cues

New Delhi: Taking positive cues from global markets, gold rose by Rs 109 to Rs 27,147 per ten gram in futures trade on January 6 as speculators enlarged positions. At the Multi Commodity Exchange, gold for delivery in February was up by Rs 109, or 0.40 per cent, to Rs 27,147 per 10 grams in a business turnover of 616 lots. The metal for delivery in far-month April contracts moved up by Rs 79, or 0.29 per cent, to Rs 27,334 per ten grams in eight lots.

Analysts said fresh positions created by participants following a better trend in global market as slumping equity markets and concern that Greece may quit the euro area spurred demand for a safe-haven and influenced the precious metal at futures trade here. Meanwhile, gold advanced 0.3 per cent to USD 1,208.29 an ounce in Singapore, the highest level since December 30.