Gold futures edge up to Rs. 26,149 per 10 gm

New Delhi-India (Jan 11)  Gold futures were up by 0.20 per cent to Rs. 26,149 per 10 gram as traders raised bets amid positive cues from the global markets.

At the Multi Commodity Exchange, gold for delivery in far-month April rose Rs. 52 or 0.2 per cent to Rs. 26,149 per ten grams in a business turnover of 26 lots.

Similarly, the metal for delivery in February contracts traded higher by Rs. 47 or 0.18 per cent to Rs. 26,029 per ten grams in 789 lots.

Analysts attributed the rise in gold prices to a firm trend overseas where gold rose to trade near two-month high on increased safe-haven demand as further signs of slowing growth in China spurred losses in equities.

Meanwhile, gold advanced 0.4 per cent to $1,108.65 an ounce in Singapore.

Source: TheHindu