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Gold futures rise on global cues

Gold futures rise on global cues

New Delhi: Taking positive cues from global markets, gold prices rose by Rs 69 to Rs 30,840 per 10 gm in futures trading Wednesday as speculators created fresh position.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 69, or 0.22 per cent, to Rs 30,840 per 10 gm in business turnover of 1,253 lots.

Similarly, the yellow metal for delivery in the February contract traded higher by Rs 48, or 0.16 per cent, to Rs 30,282 per 10 gm in 2,512 lots.

Market analysts attributed the rise in gold futures to a firm global trend.

Meanwhile, gold climbed 0.1 per cent to USD 1,666.05 an ounce in Singapore.


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