Gold futures rise 0.19 per cent on global cues
Gold is trading at Rs 25,298 per 10 grams.
New Delhi: Gold prices rose 0.19 per cent to Rs 25,298 per 10 grams in futures trade on December 16, as speculators created fresh positions, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in April next year was up by Rs 48, or 0.19 per cent, to Rs 25,463 per 10 grams in a trade volume of one lot. The metal for delivery in February moved up Rs 32, or 0.13 per cent, to Rs 25,298 per 10 grams in a turnover of 202 lots.
Market analysts said rise in the precious metal at the global market as traders kept on the sidelines ahead of a highly anticipated Federal Reserve meeting, that is likely to result in the first US interest rate increase in almost a decade, influenced gold prices at futures trade here.
Meanwhile, gold climbed as much as 0.5 per cent to USD 1,066.35 an ounce in Singapore on December 16.
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