Gold futures up 0.13% on global cues

Signs of increased demand in China triggered uptrend

Gold February futures rose by Rs 39, or 0.13% to Rs 30,902 per ten grams in 7,722 lots.

At the Multi Commodity Exchange, the April contract traded higher by Rs 28, or 0.09% to Rs 31,464 per ten grams in 644 lots.

Speculators enlarging their positions, signs of increased demand in China and weaking of dollar triggered the uptrend.

In Singapore, gold rose by 0.4% to $ 1,653.05 an ounce.