Gold futures up on firm global cues
Gold rose by Rs 122 to Rs 29,075 per 10 grams in futures trade today as speculators enlarged their positions on the back of a firming global trend.
At the Multi Commodity Exchange, February gold rose by Rs 122, or 0.42%, to Rs 29,075 per 10 grams, with a business turnover of 12,607 lots.
In a similar fashion, the metal for delivery in April moved up by Rs 114, or 0.39%, to Rs 29,378 per 10 grams, with a trade volume of 218 lots.
Market analysts said increased buying by speculators and reports of a firming trend in overseas market mainly led to the rise in gold futures prices.
Meanwhile, gold rose by $1.48, or 0.1%, to $1,729.68 an ounce in London.