Gold futures rise 0.3% on global cues

Fresh buying by speculators pushes gold prices to Rs 32,690 per 10 grams

Tracking a firm global trend, gold prices rose by Rs 97 to Rs 32,690 per 10 grams in futures trade today as speculators created fresh positions.

At the Multi Commodity Exchange, gold for delivery in February rose by Rs 97, or 0.30%, to Rs 32,690 per 10 grams, with a business turnover of 16 lots.

October gold traded higher by Rs 72, or 0.23%, to Rs 31,948 per 10 grams, with a business turnover of 5,085 lots.

Marketmen said fresh buying by speculators in line with a firming global trend led to the rise in gold prices at futures trade.

 

Meanwhile, gold rose 0.3% to $1,736.45 an ounce in Singapore.