Gold shines on firm global cues

Gold prices rose by Rs 41 to Rs 23,169 per 10 grams in futures trade today as speculators created fresh positions on the back of a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December gained Rs 41 or 0.18 per cent to Rs 23,169 per 10 grams, with a business turnover of two lots.

Likewise, the metal for delivery in June gained Rs 18 or 0.08 per cent to Rs 22,149 per 10 grams, with a business volume of 11 lots.

Traders said fresh buying by speculators in tandem with a firming trend in Asian region led to the rise in gold futures prices.

Also, buying activity picked up at attractive low levels after a steep fall in last few sessions, they added.

Meanwhile, gold rose by 0.1 per cent to $1,517.49 an ounce in the Asian region.