Gold prices rise in futures trade on global cues

Gold prices moved up by Rs 57 to Rs 29,250 per 10 gram in futures trade today as speculators raised their bets, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in June was up by Rs 57, or 0.20 per cent, to Rs 29,250 per 10 gram in a business turnover of 279 lots.
Market analysts said rise in gold prices at futures trade was largely in line with a firm trend overseas as soaring geoplitical tensions boosted the metal's appeal as a haven asset.
Globally, gold climbed as much as 0.05 per cent to trade at five-month high of USD 1,274.60 an ounce in Singapore today.