NEW DELHI, July 1: Gold prices rose 0.47 per cent to Rs 27,980 per 10 gram in futures trade today as speculators created fresh positions taking positive cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in far-month October contracts traded at Rs 131, or 0.47 per cent, to Rs 27,980 per 10 gram with a business turnover of 8 lots.
Similarly, the metal for delivery in August moved up by Rs 120, or 0.43 per cent, to Rs 27,896 per 10 gram, with a trade volume of 179 lots.
Marketmen said increased positions built-up by speculators after the precious metal traded at almost three-month high in global markets with holdings in the SPDR, the biggest gold-backed exchange-traded product, expanding 0.7 per cent yesterday, influenced gold futures here.
Globally, gold climbed 0.90 per cent to USD 1,326.90 an ounce in New York in yesterday’s trade. (PTI)
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