Gold futures spurt Rs 78 on global cues

Gold rose by Rs 78 to Rs 28,585 per ten grams in futures trading today as speculators enlarged their positions, tracking a firming trend overseas.
Gold for delivery in far-month April rose by Rs 78, or 0.27 per cent, to Rs 28,585 per 10 grams, in a business turnover of 317 lots.
Similarly, the metal for delivery in February was also trading higher by Rs 58, or 0.20 per cent, to Rs 28,582 per 10 grams in 218 lots.
Analysts said speculators widened their bets, tracking a firming global trend, mainly supported the upside in gold prices at futures trade here.

Globally, gold inched up 0.53 per cent to USD 1,201.60 an ounce in Singapore.