Gold futures rise 0.11% on global cues

Fresh positions by speculators supported the gains

Gold futures for February rose by Rs 32, or 0.11%, to Rs 30,370 per 10 gm in 468 lots.

At the Multi Commodity Exchange (MCX), the April contract moved up by Rs 29, or 0.09%, to Rs 30,911 per 10 gm in 85 lots.

Fresh positions by speculators supported the gold futures trade.

Globnal markets strengthened as the US Federal Reserve sets to begin two-day policy meeting later today that will probably press on with stimulus to bolster the world's largest recovery.

In Singapore, gold climbed 0.3% to $1,660 an ounce.