Gold futures marginally up on global cues

Gold prices traded marginally higher by Rs 6 to Rs 22,420 per 10 grams in futures trade today as speculators created fresh positions amid better global cues.  

At the Multi Commodity Exchange, gold for delivery in October traded higher by Rs 6, or 0.03%, to Rs 22,420, with a business turnover of 62 lots.

August gold inched up by Rs 5, or 0.02% to Rs 22,142 in 1,941 lots.

Market analysts said fresh buying by speculators and reports of a firming trend in global markets mainly led to the rise in gold futures prices.    

Meanwhile, gold rose by 0.03% to $1,512.20 an ounce in Asian region.