Gold futures up on global cues

Gold prices rose by Rs 44 to Rs 20,378 per ten grams in futures trade today, as speculators enlarged their positions in line with firming global trend. 

At the Multi Commodity Exchange, gold for February rose by Rs 44, or 0.22 per cent, to Rs 20,378 per ten gram, with a business turnover of four lots.

Similarly, the metal for delivery in April moved up by Rs 43, or 0.21 per cent to Rs 20,598 per ten gram, with a business volume of three lots.

Market analysts said increased buying by speculators in tandem with firming global trend pushed up gold prices at futures trade here.

Meanwhile, gold rose by $6.80 to $1,374.50 an ounce in Asia.