Gold futures up 0.3% on firm global cues

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Gold prices rose by Rs 65 to Rs 25,453 per 10 gram in futures trading today as speculators enlarged their positions amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 65, or 0.26%, to Rs 25,453 per 10 gram, in a business turnover of 275 lots. Similarly, the yellow metal for delivery in far-month April traded higher by Rs 55, or 0.22%, to Rs 25,588 per 10 gram in 13 lots. Analysts said a firming trend in the global markets where gold rose to $1,077.23 an ounce in Singapore as investors eyed Federal Reserve minutes to be released on Wednesday, influenced gold futures here.

Source: http://www.bullionbulletin.in/

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