Gold futures rise 0.3% on global cues

 

Gold futures for April rose by Rs 81, or 0.28%, to Rs 29,426 (rpt) Rs 29,426 per 10 gm in 697 lots.

At the Multi Commodity Exchange (MCX), the June contract moved up by Rs 71, or 0.24%, to Rs 29,979 per 10 gm in 67 lots.

Prices went up as speculators created fresh positions.

Fresh positions built-up by speculators in line with global trend, mainly led to a rise in gold futures prices.

In Singapore, gold traded higher at $1,581.39 an ounce in early trade today as against $1,578.80 on March.