Gold marginally up in futures trade on global cues

Aug 07 2014, 14:44 IST
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SummaryGold prices edged up marginally by 0.08 per cent to Rs 28,604 per 10 grams in futures trading...

Gold prices edged up marginally by 0.08 per cent to Rs 28,604 per 10 grams in futures trading today as speculators enlarged positions, tracking a firming global trend.

At the Multi Commodity Exchange, gold for delivery in far-month December edged up by Rs 24, or 0.08 per cent to Rs 28,604 per ten gram in business turnover of 155 lots.

Likewise, the yellow metal for delivery in October traded higher by Rs 17, or 0.06 per cent to Rs 28,650 per ten gram in 3,629 lots.

Analysts attributed the rise in gold futures to a firming global trend as tensions flared over Ukraine, increasing demand for a safe-haven.

Meanwhile in Singapore,rose 0.2 per cent to USD 1,308.13 an ounce.

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