Gold futures recovers on global cues

New Delhi-India (Apr 10)  Gold prices rose by 0.27 per cent to Rs 26,750 per 10 grams in futures trade On April 10 as speculators created fresh positions amid positive cues from overseas markets. At the Multi Commodity Exchange, gold for delivery in far-month August moved up by Rs 72, or 0.27 per cent, to Rs 26,750 per 10 grams, with a business turnover of two lots.

The metal for delivery in June rose by Rs 67, or 0.25 per cent, to trade at Rs 26,588 per 10 grams, with a trade volume of 544 lots. Marketmen said increased positions built-up by speculators after the precious metal recovered in global markets, influenced gold futures here.

Globally, gold in Singapore added 0.20 per cent to USD 1,195.90 an ounce.

Source: TheAsianAge