Gold futures up by 0.2% on global cues

Gold futures were up by 0.20% to Rs 26,149 per 10 gram as traders raised bets amid positive cues from the global markets.

At the Multi Commodity Exchange, gold for delivery in far-month April rose by Rs 52 or 0.20% to Rs 26,149 per ten grams in a business turnover of 26 lots.

Similarly, the metal for delivery in February contracts traded higher by Rs 47 or 0.18% to Rs 26,029 per ten grams in 789 lots.

Analysts attributed the rise in gold prices to a firming trend overseas where gold rose to trade near two-month high on increased safe-haven demand as further signs of slowing growth in China spurred losses in equities.
 

Meanwhile, gold advanced 0.4% to $1,108.65 an ounce in Singapore.