Gold shines in futures trade on global cues; up 0.72 pc

Taking positive cues from global markets, gold futures prices today rose 0.72 % to Rs 27,047 per 10 grams as speculators enlarged positions.

Taking positive cues from global markets, gold futures prices today rose 0.72 % to Rs 27,047 per 10 grams as speculators enlarged positions.

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At the Multi Commodity Exchange, metal for delivery in far-month October gained Rs 193, or 0.72 %, to trade higher at Rs 27,047 per 10 gm in a turnover of 56 lots.

On the similar lines, the metal for delivery in August spurted by Rs 175, or 0.65 %, to Rs 26,918 per 10 gm, clocking a business volume of 1,464 lots.

Analysts attributed rise in gold prices at futures trade to the precious metal's sustained rise in the global markets after US Federal Reserve chief Ben S Bernanke called for maintaining stimulus.

Globally, gold rose 0.7 per cent to USD 1,295.20 an ounce in Singapore today.