Gold futures edge higher by 0.10 pc on global cues

Gold prices edged up by 0.10 per cent to Rs 29,359 per ten grams in futures trading today as speculators enlarged their positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month April edged up by Rs 29, or 0.10 per cent, to Rs 29,359 per ten grams in a business turnover of 3,893 lots.

Analysts said, participants widened their bets in step with a firming global trend, which mainly led to the rise in gold prices at futures trade.

Globally, gold rose 0.07 per cent to USD 1,241.90 an ounce in London.