New Delhi: Gold futures prices on Monday rose by 0.53 percent to Rs 27,725 per 10 grams as speculators enlarged their positions, driven by a firming trend in the Asian region.
At the Multi Commodity Exchange, gold for delivery in August rose by Rs 145, or 0.53 percent, to Rs 27,725 per 10 gm in business turnover of 1,901 lots. The metal for delivery in far-month October contracts moved up by Rs 145, or 0.52 percent, to Rs 27,915 per 10 gm in a turnover of 77 lots.
Market analysts said a firming trend in the global market after investors bought the precious metal as a haven asset as China's trade and industrial production in May trailed estimates, mainly influenced gold prices at futures trade.
Meanwhile, gold advanced 0.4 percent, to USD 1,388.41 an ounce in Singapore in morning trade on Monday.


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