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Gold futures rise Rs 34 on global cues

Press Trust of India  |  New Delhi 

Gold prices were up by Rs 34 to Rs 29,690 per 10 gram in futures trade today as speculators created positions amid positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in December was up by Rs 34, or 0.11 per cent, to Rs 29,690 per 10 gram, in a business turnover of 682 lots.

The metal for delivery in far-month February next year was trading higher by Rs 33, or 0.11 per cent, to Rs 29,790 per 10 gram, in a turnover of seven lots.

Analysts said fresh positions built up by participants, tracking a firm trend in global market, influenced the precious metal in futures trade.

Meanwhile, gold rose 0.24 per cent to USD 1,253.90 an ounce in today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 17 2016. 11:22 IST