Gold futures up on firm Asian cues
Gold prices rose by Rs 95 to Rs 28,646 per 10 grams in futures trading today, as speculators created fresh positions on hopes a rise in demand in the spot market and firm trend in Asian region.
At the Multi Commodity Exchange, the June gold rose by Rs 95, or 0.33% to Rs 28,646 per 10 grams in business turnover of 762 lots.
The April delivery moved up by Rs 87, or 0.31%, to Rs 28,186 per 10 grams in 4,402 lots.
Market analysts attributed the rise in gold futures to firming trend in Asian region.
Meanwhile, gold traded higher by 0.02% to $1,663.20 an ounce in Asian region.