Gold futures rise on global cues
New Delhi: Buoyed by a firm global trend, gold prices rose by Rs 142 to Rs 27,104 per 10 grams in futures trade Monday as speculators enlarged their positions.
The sentiment bolstered as gold climbed to its highest level since April 15 in global markets, as investors weighed rising physical sales against falling investment demand.
At the Multi Commodity Exchange, gold for delivery in June rose by Rs 142, or 0.53 percent, to Rs 27,104 per 10 grams in business turnover of 4,816 lots.
Similarly, the yellow metal for delivery in August traded higher by Rs 139, or 0.51 percent, to Rs 27,440 per 10 grams in 175 lots.
Analysts said speculators enlarged their positions, driven by firm global trend mainly led to rise in gold prices at futures trade.
Meanwhile, gold rose 0.6 percent to USD 1,479.08 an ounce in Singapore.