Gold futures rise 0.52% on global cues

  • PTI, New Delhi
  • Updated: Jun 09, 2014 18:31 IST

Tracking a firm global trend, gold prices rose by 0.52% to Rs 25,990 per 10 grams in the national capital on Monday as speculators created fresh positions.

At the Multi Commodity Exchange, gold for delivery in October rose by Rs 135, or 0.52% to Rs 25,990 per 10 grams in business turnover of 146 lots.

In a similar fashion, the yellow metal for delivery in August contract moved up by Rs 77, or 0.30% to Rs 25,940 per 10 grams in 4,115 lots.

Analysts attributed the rise in gold futures to a firm global trend as investors weighed a decline in the dollar against signs of an improving economy that may cut bullion demand.

Meanwhile, gold added 0.2% to USD 1,255.31 an ounce in London.

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