Gold futures up on global cues

PTI Updated - August 16, 2011 at 11:49 AM.

Gold continued its upward journey as the prices rose 0.78 per cent to Rs 25,888 per 10 grams at the futures trade today after the precious metal climbed overseas.

At the Multi Commodity Exchange, gold for delivery in October shot up by Rs 200 or 0.78 per cent to Rs 25,888 per 10 grams with a trade turnover of 1,264 lots. It had closed 0.18 per cent higher at Rs 25,688 in the last session.

Similarly, December contract also gained Rs 192 or 0.74 per cent to Rs 26,082 per 10 grams with a trade volume of 53 lots.

Market analysts said a firming trend in precious metals at New York mainly influenced gold prices at the futures trade here.

Gold for December delivery rallied by 0.8 per cent to a record $1,772.70 an ounce in New York.

Published on August 16, 2011 06:17