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Gold futures up 0.17% on global cues

Strengthening rupee against dollar limited the gains

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Gold futures for February rose by Rs 52, or 0.17%, to Rs 30,633 per 10 gm in 2,114 lots.

At the Multi Commodity Exchange, the April contract moved up by a similar margin to Rs 31,349 per 10 gm in 150 lots.

Speculators enlarging their positions, firming trend in Asain region supported the trade.

Expectations for more stimulus as US lawmakers wrangled over the debt limit influenced gold futures globally.

Strengthening rupee against dollar limited the gains.

In Singapore, gold rose by 0.4% o trade at one- month high of $1,691.50 an ounce.

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First Published: Jan 21 2013 | 2:19 PM IST

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