Gold futures up on firm Asian cues

Gold rebounded to trade 0.73 per cent higher at Rs 20,061 per 10 gram in futures trading today, as  speculators enlarged their positions, taking firm cues from the Asian region.

At the Multi Commodity Exchange counter, gold for delivery in December edged up by Rs 151, or 0.73 per cent, to Rs 20,061 per 10 gram, with a business turnover of 2,799 lots.

It ended 0.08 per cent down at Rs 19,910 per 10 gram in the previous session.

Gold for February delivery also traded higher by Rs 138, or 0.67 per cent, to Rs 20,261 per 10 gram, recording a business turnover of 206 lots.

Analysts said firm trend in the Asian region, where gold shot up by 1.1 per cent to $1,351.20 an ounce snapping the five sessions' losing streak, as weaker dollar boosted precious metal's appeal as an alternative investment, supported the upside in gold futures here.