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Gold futures marginally up on global cues

Hopes of steps from US central banks to boost the ecoonmy pulled prices higher

Press Trust of India  |  New Delhi 

prices rose by 0.29% to Rs 29,559 per 10 grams in trading today as speculators enlarged positions amid a firming trend in the global

At the Multi Commodity Exchange, for delivery in August rose by Rs 86, or 0.29%, to Rs 29,559 per 10 grams, with a business turnover of 2,161 lots.

The October contract moved up by Rs 82, or 0.28%, to Rs 29,869 per 10 grams, with a business turnover of 78 lots.

Market analysts attributed the rise in to a firming in the global on signs of increased investment demand amid speculation that central banks will take more steps to boost growth.

Meanwhile, traded a shade higher at $1,617.40 an ounce in Singapore.

First Published: Wed, July 04 2012. 13:03 IST