Gold climbs in futures trade on firm global cues

Gold prices went up by Rs 145 to Rs 29,626 per 10 gram in futures trading as speculators enlarged their positions in evening session on the back of firming global trends.
At the Multi Commodity Exchange, gold for delivery in far-month June rose by Rs 145, or 0.49 per cent, to Rs 29,626 per 10 gram, with a business turnover of 31 lots.
The exchange remained closed in morning session for 'Mahashivratri'.
In a similar fashion, the metal for delivery in April moved up by Rs 129, or 0.44 per cent, to Rs 29,580 per 10 grams, with a trade volume of 249 lots.

Market analysts said the rise in gold futures was mainly in line with a firming trend overseas as a weaker dollar boosted demand for dollar-denominated assets.
Meanwhile, gold advanced 0.54 per cent to USD 1,256 an ounce in London in early trade today.