BT:Gold prices rise 0.43 pc in futures trade on firm global cues
Tracking a firm trend overseas, gold prices rose by 0.43 per cent to Rs 26,583 per 10 grams in futures trade on Wednesday as speculators enlarged positions.
Trader said covering-up of short positions by speculators at prevailing levels also influenced gold futures prices.
At the Multi Commodity Exchange, metal prices for delivery in August gained Rs 124, or 0.43 per cent to trade higher at Rs 26,583 per 10 gm in a turnover of 1,483 lots.
Similarly, the metal prices for delivery in far-month October edged up by Rs 107, or 0.40 per cent, to Rs 26,702 per 10 gm, clocking a business volume of 93 lots.
Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets.
