India: Gold futures rise to Rs. 25,300 per 10 gm

New Delhi-India (Dec 21)  Gold prices rose 0.36 per cent to Rs. 25,300 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in far-month April was trading higher by Rs. 92 or 0.36 per cent to Rs. 25,300 per 10 grams in a business turnover of four lots.

The metal for delivery in February moved up Rs. 169 or 0.22 per cent to Rs. 25,151 per 10 grams in a turnover of 121 lots.

Market analysts said a firm trend in overseas market where gold extended gains as investors assessed the pace of future US interest-rate increases, which the Federal Reserve has stressed would be gradual, influenced gold futures here.

Meanwhile, gold climbed as much as 0.2 per cent to $1,068.72 an ounce in Singapore today.

Source: TheHindu