Gold futures rise marginally on global cues

Gold futures rise marginally on global cues
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New Delhi: Gold rose Rs 24 to Rs 29,164 per 10 grams in futures trading on Tuesday as speculators raised bets, tracking a firming trend overseas.

Gold for delivery in April rose Rs 24, or 0.08 per cent, to Rs 29,164 per 10 grams, in business turnover of 3 lots.

Similarly, the metal for delivery in February was also trading Rs 15, or 0.05 per cent, higher at Rs 29,138 per 10 grams in 160 lots.

Analysts said, speculators widened bets tracking a firm global trend as weakness in dollar boosted safe haven demand, which influenced gold prices in futures trade here.

Globally, gold inched 0.29 per cent higher to USD 1,306.30 an ounce in Singapore.

PTI