Gold futures regain Rs25,000 mark on global cues1 min read . Updated: 27 Jul 2015, 04:45 PM IST
A firming trend at domestic spot markets following pick up in demand from jewellers helped gold to trade above the Rs25,000 level
New Delhi: Gold reclaimed the ₹ 25,000 per 10 gram mark by rising 0.85% to ₹ 25,158 in futures trading on Monday as speculators widened positions, tracking a firm global trend.
Furthermore, a firming trend at domestic spot markets following pick up in demand from jewellers helped gold to trade above ₹ 25,000 level. At the Multi Commodity Exchange, gold for delivery in far-month October surged by ₹ 213, or 0.85%, to ₹ 25,158 per 10 gm in business turnover of 1,641 lots.
On similar lines, the yellow metal for delivery in August traded higher by ₹ 171, or 0.69%, to ₹ 24,902 per 10 gm in 10,320 lots.
Analysts said a firming trend in the global markets as the dollar weakened, raising appeal of the precious metal, supported the upside in gold prices at futures trade here. Globally, in Singapore, gold rose 0.5% to $1,104.66 an ounce.