Gold futures up on global cues

High demand also pushed prices higher in the domestic markets

Gold prices traded marginally higher by Rs 24 to Rs 31,837 per 10 grams in futures trade today as speculators created fresh position, driven by a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 24, or 0.08%, to Rs 31,837 per 10 grams, with a business turnover of 3,880 lots.

Similarly, the yellow metal for delivery in February traded higher by Rs 15, or 0.05%, to Rs 32,216 per 10 grams, with a business turnover
of 634 lots.

Marketmen said fresh buying by speculators in tandem with a firm global trend mainly led to a rise in gold prices at futures trade.

Meanwhile, gold traded higher by 0.02% to USD 1,729.50 an ounce in Singapore.