Gold futures rise to 26,849 on global cues…

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Gold prices rose Rs. 34 or 0.13 per cent to Rs. 26,849 per 10 grams at the futures trade today after participants created fresh positions taking cues from overseas market.

At the Multi Commodity Exchange, gold for delivery in February next year rose Rs. 34 or 0.13 per cent to Rs.26,849 per 10 grams with a business turnover of 484 lots.

Similarly, the metal for delivery in far-month April moved up by Rs. 27 or 0.10 per cent to Rs. 27,052 per 10 grams in a trading volume of one lot.

Marketmen said fresh positions built-up by speculators in line with gains in the overseas market, where gold rebounds from two-week low on signs of rising physical demand, mainly led to a rise in gold futures.

Globally, gold in New York traded 0.76 per cent higher at $1,197.90 an ounce in yesterday’s trade.

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