Gold futures rise on firm Asian cues

Tracking a firming trend in Asia, gold prices rose by Rs 55 to Rs 29,116 per 10 grams in futures market today.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 55, or 0.19%, to Rs 29,385 per kg, with a business turnover of 291 lots.

In  a similar fashion, the metal for delivery in February gained Rs 38, or 0.13%, to Rs 29,385 per 10 grams, with a trade volume of 1,924 lots.

Market analysts said besides, firming trend in Asian region, hopes of a rise in demand in the spot markets following ongoing marriage season, also pushed up gold prices at futures trade.

 

Meanwhile, gold gained 0.2% to $1,749.35 an ounce in Singapore.