Gold futures price up on global cues

PTI : New Delhi, Tue Mar 12 2013, 11:57 hrs

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Gold marginally up by 0.09 per cent to Rs 29,916 per 10 grams in futures trade today as speculators enlarged their positions, taking positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in June rose by Rs 28, or 0.09 per cent, to Rs 29,916 per 10 gm in business turnover of 114 lots.

The metal for delivery in the April moved up by Rs 21, or 0.07 per cent, to Rs 29,342 per 10 gm in a turnover of 1,705 lots.

Market analysts said a firming trend in the global market on signs of increased physical demand in China and on concern that Europe's debt crisis may persist, mainly influenced gold prices at futures trade here.

Meanwhile, gold rose by 0.20 per cent to USD 1,584.75 an ounce in Singapore in early trade today.

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