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Gold futures rise to Rs 26,865 per 10 gm

New Delhi: Gold prices rose Rs. 101 to Rs. 26,865 per 10 grams at the futures trade as speculators created fresh positions after the precious metal rebounded from the biggest decline in a week in

PTI Updated on: December 30, 2014 13:12 IST
gold futures rise to rs 26 865 per 10 gm
gold futures rise to rs 26 865 per 10 gm

New Delhi: Gold prices rose Rs. 101 to Rs. 26,865 per 10 grams at the futures trade as speculators created fresh positions after the precious metal rebounded from the biggest decline in a week in the global markets.

At the Multi Commodity Exchange, gold for delivery in far-month February next year was up by Rs. 101 or 0.38 per cent to Rs. 26,865 per 10 grams in a business turnover of 254 lots.

Analysts said recovery in gold prices in the global market, where it rebounded from the biggest decline in a week as retreat in equities spurred the demand for an alternative investment, influenced gold prices at the futures trade here.

The yellow metal rose 0.4 per cent to $1,188.13 an ounce in Singapore.

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