Gold futures up on global cues

Agencies : New Delhi, Thu Nov 22 2012, 13:46 hrs

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Gold prices traded marginally higher by Rs 24 to Rs 31,837 per 10 grams in futures trade today as speculators created fresh position, driven by a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 24, or 0.08 per cent, to Rs 31,837 per 10 grams, with a business turnover of 3,880 lots.

Similarly, the yellow metal for delivery in February traded higher by Rs 15, or 0.05 per cent, to Rs 32,216 per 10 grams, with a business turnover of 634 lots.

Marketmen said fresh buying by speculators in tandem with a firm global trend mainly led to a rise in gold prices at futures trade.

Meanwhile, gold traded higher by 0.02 per cent to USD 1,729.50 an ounce in Singapore.

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