BT:Gold price jumps 0.72 per cent in futures trade on global cues
Gold price on Monday took positive cues from global markets to rise 0.72 per cent in future trade, to Rs 27,047 per 10 grams.
Analysts attributed the rise to the precious metal's sustained gains in the global markets after US Federal Reserve chief Ben S Bernanke called for maintaining stimulus.
Globally, gold rose 0.7 per cent to $1,295.20 an ounce in Singapore on Monday.
In the domestic market, at the Multi Commodity Exchange, metal for delivery in far-month October gained Rs 193, or 0.72 per cent, to trade higher at Rs 27,047 per 10 gm in a turnover of 56 lots.
On similar lines, the metal for delivery in August spurted by Rs 175, or 0.65 per cent, to Rs 26,918 per 10 gm, clocking a business volume of 1,464 lots.
