Gold futures firm up on upbeat domestic cues

Gold prices rose 1.21 per cent to Rs 34,913 per 10 gram in futures trade Monday as speculators extended exposure amid firm domestic cues.

On the Multi Commodity Exchange, gold contracts for August delivery increased by Rs 8, or 0.02 per cent, to Rs 34,913 per 10 gram in a business turnover of 17,859 lots.

Analysts said raising of bets by participants, taking positive cues from domestic markets, mainly pushed up gold prices at futures trade here.

Globally, the yellow metal prices were trading marginally up by 0.31 per cent to USD 1,416.60 an ounce in New York.