Zee Media Bureau
Gold prices gained by Rs 120 to Rs 27,896 per 10 gram in futures trade Tuesday as market participants created fresh positions moving in tandem with a positive trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in August climbed by Rs 120 or 0.43 percent to Rs 27,896 per 10 gram with a business turnover of 179 lots.
Marketmen said increased positions built-up by speculators after the precious metal traded at almost three-month high in global markets with holdings in the SPDR, the biggest gold-backed exchange-traded product, expanding 0.7 percent yesterday, influenced gold futures here.
Globally, gold climbed 0.90 percent to USD 1,326.90 an ounce in New York in yesterday's trade.
With agency inputs