Gold futures prices rise on global cues

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Tracking a firm global trend, gold prices rose by Rs 53 to Rs 30,384 per ten grams in futures trading. (Reuters) Tracking a firm global trend, gold prices rose by Rs 53 to Rs 30,384 per ten grams in futures trading. (Reuters)
SummaryTracking a firm global trend, gold prices rose by Rs 53 to Rs 30,384 per ten grams in futures trading.

Tracking a firm global trend, gold prices rose by Rs 53 to Rs 30,384 per ten grams in futures trading today as speculators created fresh position.

At the Multi Commodity Exchange, gold for delivery in February rose by Rs 53, or 0.17 per cent to Rs 30,384 per ten grams in business turnover of 5861 lots.

Similarly, the yellow metal for delivery in April contract traded higher by Rs 48, or 0.16 per cent to Rs 30,941 per ten grams in 1803 lots.

Market analysts attributed the rise in gold futures to a firm global trend after data showed that central banks in Russia and Kazakhstan increased holdings.

Meanwhile, gold climbed 0.2 per cent to USD 1,661.45 an ounce in Singapore.

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