Financials News

Gold futures rise 0.29 per cent on global cues

Gold futures rise 0.29 per cent on global cues
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New Delhi: Gold prices rose 0.29 per cent to Rs 28,970 per 10 grams in futures trade on Wednesday as speculators created fresh positions, taking positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in February was up by Rs 83, or 0.29 per cent, to Rs 28,970 per 10 grams in a trade volume of 295 lots.

Market analysts said rise in the precious metal at the global market helped gold prices to go up at futures trade here as participants created positions.

Meanwhile, gold climbed as much as 0.11 per cent to USD 1,267.30 an ounce in Singapore on Wednesday.

PTI