Gold futures up Rs 52 on global cues

Gold prices rose by Rs 52 to Rs 29,528 per 10 grams in futures trade today as speculators created fresh positions, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in far-month February next year was up Rs 52, or 0.18 per cent, to Rs 29,528 per 10 grams in a trade volume of 16 lots.
The metal for delivery in December moved up Rs 28, or 0.10 per cent, to Rs 29,434 per 10 grams in a turnover of 192 lots.
Market analysts said that the rise in precious metal at the global market mainly influenced gold prices at futures trade here.

Meanwhile, gold edged up 0.03 per cent to USD 1,275 an ounce in Singapore today.