Gold futures extend gains, up 0.31% on global cues

At the Multi Commodity Exchange, metal for delivery in June gained Rs 82, or 0.31 percent, to trade higher at Rs 26,246 per 10 gm in a turnover of 493 lots.

Updated: Apr 24, 2013, 21:35 PM IST

New Delhi: Extending its upward journey, gold prices rose further by 0.31 percent to Rs 26,246 per 10 gm in futures trade Wednesday as speculators enlarged their positions triggered by a firming trend overseas on the back of rising physical purchases.

At the Multi Commodity Exchange, metal for delivery in June gained Rs 82, or 0.31 percent, to trade higher at Rs 26,246 per 10 gm in a turnover of 493 lots.

Similarly, the metal for delivery in far-month August contracts moved up by Rs 76, or 0.29 percent, to Rs 26,645 per 10 gm, clocking a business volume of 17 lots.

Analysts said the rise in gold futures was mostly in line with a firming trend in the global market on the back of more physical purchases.

Globally, gold climbed 0.58 percent to USD 1,421.80 an ounce in Singapore Wednesday.

PTI