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Taking positive cues from global market, gold rose 0.22 per cent to Rs 27,014 per ten gram at the futures trade today as speculators enlarged positions.
At the Multi Commodity Exchange, gold for delivery in February was up by Rs 69 or 0.22 per cent to Rs 27,014 per 10 grams in a business turnover of 1,756 lots.
The metal for delivery in far-month April moved up by Rs 41 or 0.15 per cent to Rs 27,225 per ten grams in 15 lots.
MCX gold futures can move higher today tracking international prices
— Rajalakshmi Nirmal (@crajalakshmic)
>December 18, 2014Analysts said fresh positions created by participants due to a better trend in global market aided the precious metal.
The sentiment was also influenced as investors assessed a decision by US policy makers to drop a pledge to keep borrowing costs low for a considerable time.
Meanwhile, gold rose 0.4 per cent to $1,194.48 an ounce in Singapore.
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