Gold futures edge up to Rs. 25,668 per 10 gm

December 9, 2015

New Delhi,\-India (Dec 9)  Gold prices rose Rs. 50 to Rs. 25,668 per 10 grams at the futures trading today as speculators raised their bets amid a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month April next year rose Rs. 50 or 0.2 per cent to Rs. 25,668 per 10 grams in a business turnover of two lots.

Similarly, the yellow metal for delivery in February traded higher by Rs. 17 or 0.07 per cent to Rs. 25,543 per 10 grams in 149 lots.

Globally, gold rose 0.22 per cent to $1,077 an ounce in Singapore today.

Analysts said a firm trend in global markets, as investors priced in a US interest rate rise this month and weighed the pace of increases next year, influenced gold futures here.

Source: TheHindu

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