Gold futures rise 0.15 per cent on global cues
Market analysts said rise in gold at global market ahead of the outcome of the ongoing Federal Reserve meet
New Delhi: Gold prices rose 0.15 per cent to Rs 27,576 per 10 grams in futures trade today as speculators created fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in February was up by Rs 41, or 0.15 per cent, to Rs 27,576 per 10 grams in a trade volume of 75 lots.
The metal for delivery in far-month April moved up Rs 31, or 0.11 per cent, to Rs 27,532 per 10 grams in a turnover of 2 lots. Market analysts said rise in the precious metal at the global market ahead of the outcome of the ongoing Federal Reserve meet, that is likely to result in the first US interest rate increase this year, influenced gold prices at futures trade here.
Meanwhile, gold climbed as much as 0.15 per cent to USD 1,159.70 an ounce in Singapore today.