Gold up 0.9% on global cues in India

Mumbai (Dec 26)  At the Multi Commodity Exchange, gold for delivery in February moved up by Rs 228, or 0.86%, to Rs 26,812 per 10 grams in a business turnover of 1,043 lots.

 The metal for delivery in far-month April was trading higher by Rs 224, or 0.83%, to Rs 27,054 per 10 grams in a turnover of one lot.

 Analysts said a firming trend in global market where gold advanced as prices neared the lowest level in three weeks encouraged purchases and influenced the precious metal here in futures trade.

 Meanwhile, gold rose as much as 1% to $1,185.09 an ounce in Singapore.

Source: Business-Standard