Gold futures rise on global cues

<p>Tracking a firm global trend, gold prices rose by Rs 42 to Rs 30,215 per 10 gm in futures trade today as speculators created fresh positions.

Sentiment bolstered after gold climbed to a three-week high in London on speculation central banks around the world will do more to spur growth.

At the Multi Commodity Exchange, gold for delivery in October rose by Rs 42, or 0.14%, to Rs 30,215 per 10 gm in business turnover of 3,658 lots.

The August contract moved up by Rs 41, or 0.14%, to Rs 29,834 per 10 gm in 11,737 lots.

Market analysts attributed the rise in gold futures to fresh buying by speculators and a firm global trend.

Meanwhile, gold rose 0.6% to $1,624.73 an ounce, the highest since July 3 in London.