Gold future prices recover on global cues

Gold prices rose by 0.32%,to Rs 27,950 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market.

Gold prices rose by 0.32%,to Rs 27,950 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market.

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At Multi Commodity Exchange, gold for delivery in far-month December was up by Rs 90, or 0.32%, to Rs 27,950 per 10 gram in business turnover of 18 lots.

The metal for delivery in October moved up by Rs 76, or 0.27%, to Rs 27,847 per 10 gram in a turnover of 611 lots.

Analysts said fresh positions built-up by participants following a better trend in global market, influenced gold prices at futures trade in New Delhi.

Meanwhile, gold rose by 0.46%, to USD 1,282.10 an ounce in Singapore.