Gold futures up at Rs. 27,363 per 10 gm

New Delhi-India (Oct 21)  Gold prices rose Rs. 45 to Rs. 27,363 per 10 grams at the futures trading today as speculators enlarged positions amid a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month February rose Rs. 45 or 0.16 per cent to Rs. 27,318 per 10 grams in a business turnover of 16 lots.

Similarly, the yellow metal for delivery in December was trading higher by Rs. 40 or 0.15 per cent to Rs. 27,152 per 10 grams in 930 lots.

Analysts said a firm trend in the global markets, as investors awaited next week’s meeting of Federal Reserve policy makers for clues on the timing of a US rate increase amid speculation that a rise may be likely only in 2016, supported the upside in gold prices at the futures trade here.

In Singapore, gold advanced 0.3 per cent to $1,179.35 an ounce.

Source: TheHindu