Gold futures rise to Rs 27,781 per 10 gm

New Delhi, Aug 8: Gold futures prices rose 0.38 per cent to Rs 27,781 per 10 grams on Thursday as speculators enlarged their positions largely in tandem with a firm trend overseas ahead of US
gold futures rise to rs 27 781 per 10 gm - India...
PTI August 08, 2013 11:55 IST
New Delhi, Aug 8: Gold futures prices rose 0.38 per cent to Rs 27,781 per 10 grams on Thursday as speculators enlarged their positions largely in tandem with a firm trend overseas ahead of US jobless claims report.



On the Multi Commodity Exchange, the metal prices for delivery in October gained Rs 104 or 0.38 per cent to trade at Rs 27,781 per 10 gm in a turnover of 324 lots.

Similarly, the metal prices for delivery in far-month December edged up by Rs 86 or 0.31 per cent to Rs 27,690 per 10 gm clocking a business volume of six lots.

Analysts attributed the gains in the precious metal at the futures trade to a firm trend in the overseas market ahead of a report today that may show US jobless claims increased, potentially delaying the moves by the Federal Reserve to slow the pace of bond purchases.

Globally, the yellow metal rose 0.6 per cent to $1,294.85 an ounce in Singapore today.
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