Gold futures rise 0.26 per cent on firm global cues

Gold futures rise 0.26 per cent on firm global cues
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New Delhi: Gold prices rose 0.26 per cent to Rs 29,465 per 10 grams in futures trading on Friday as speculators raised bets, tracking firm trend overseas.

Gold for delivery in February was trading Rs 75, or 0.26 per cent, higher at Rs 29,465 per 10 grams, in a business turnover of 376 lots.

Similarly, the metal for delivery in April was also trading higher by Rs 56, or 0.19 per cent, at Rs 29,430 per 10 grams in 34 lots.

Analysts said speculators widened bets tracking a firming global trend as the weakness in dollar boosted demand for the precious metals as a safe haven.

Globally, gold inched up 0.54 per cent to USD 1,329.10 an ounce in Singapore.

PTI