Gold futures rise 0.16% on global cues

Gold futures for April rose by Rs 49, or 0.16% to Rs 30,760% grams in 5,379 lots.

At the Multi Commodity Exchange (MCX), the June contract moved up by Rs 51, or 0.16% to Rs 31,203 per ten grams in 148 lots.

Fresh positions by speculators helped the gold price to strengthen.

Strong overseas markets supported the gold trade here.

In Singapore, gold rose 0.2% to $1,680.65 an ounce.