India: Gold futures edge up to Rs. 25,288 per 10 gm

New Delhi-India (Nov 26)  Gold prices edged higher by Rs. 66 to Rs. 25,288 per 10 gram at the futures trade as speculators widened positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in December moved up by Rs. 66 or 0.26 per cent to Rs. 25,288 per ten grams in a business turnover of 1,338 lots.

Similarly, the yellow metal for delivery in far-month February next year was trading higher by Rs. 63 or 0.25 per cent to Rs. 25,436 per ten grams in 148 lots.

Analysts said participants enlarged positions on the back of a firm global trend, which mainly led to rise in gold prices at the futures trade.

Globally, gold rose 0.17 per cent to $1,072.70 an ounce in Singapore.

Source: TheHindu