Gold futures rise on positive global cues

Gold prices rose Rs 152 to Rs 27,193 per ten grams in futures trading today as speculators enlarged their positions, taking positive cues from overseas markets.

Gold prices rose Rs 152 to Rs 27,193 per ten grams in futures trading today as speculators enlarged their positions, taking positive cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in June rose Rs 152, or 0.56 per cent to Rs 27,193 per ten grams in business turnover of 3117 lots.

Similarly, the yellow metal for delivery in August moved up by Rs 144, or 0.52 per cent to Rs 27,596 per ten grams in 94 lots.

Market analysts said speculators enlarged their positions on the back of a firming global trend, that mainly led to rise in gold prices at futures trade.

Meanwhile, gold climbed 1.2% to $1,485.50 an ounce, the highest since April 15 in Singapore.