Gold futures up Rs 100 on global cues

Market analysts said rise in the precious metal at the global market mainly influenced gold prices at futures trade. Image Source: Reuters

Gold prices rose Rs 100 to Rs 27,001 per 10 grams in futures trade on Tuesday as speculators created fresh positions, taking positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in far-month April next year was up by Rs 100, or 0.37%, to Rs 27,001 per 10 grams in a trade volume of two lots.

The metal for delivery in February moved up Rs 62, or 0.23%, to Rs 27,099 per 10 grams in a turnover of 124 lots.

ALSO READ: Gold heading for 7th weekly loss on 2017 rate hike views

Market analysts said rise in the precious metal at the global market mainly influenced gold prices at futures trade.

Meanwhile, gold climbed as much as 0.74% to $1,136.70 an ounce in Singapore on Tuesday.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.