Gold futures jump to Rs. 27,147 per 10 gm…


Taking positive cues from global market, gold rose Rs. 109 to Rs. 27,147 per ten gram at the futures trade today as speculators enlarged positions.

On the Multi Commodity Exchange, gold for delivery in February was up by Rs. 109 or 0.4 per cent to Rs.27,147 per 10 grams in a business turnover of 616 lots.

The metal for delivery in far-month April moved up by Rs. 79 or 0.29 per cent to Rs. 27,334 per ten grams in eight lots.

Analysts said fresh positions created by participants following a better trend in global market as slumping equity markets and concern that Greece may quit the euro area spurred demand for a safe-haven and influenced the precious metal at the futures trade here.

Meanwhile, gold advanced 0.3 per cent to $1,208.29 an ounce in Singapore, the highest level since December 30.

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