Gold futures gain 0.13% on higher global cues

Continuing its rising streak for the third straight day, gold prices advanced by 0.13 per cent to Rs 28,181 per 10 grams in futures trade today as traders engaged in enlarging in their positions, tracking a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in February rose by Rs 37, or 0.13 per cent, to Rs 28,181 per 10 grams in a business turnover of 105 lots.
Likewise, the metal for delivery in far-month April was trading higher by Rs 34, or 0.12 per cent, to Rs 28,182 per 10 grams in two lots.
Analysts said, widening of positions by speculators in line with a firming trend in the global markets, mainly kept gold prices higher at futures trade.

Globally, gold rose 0.01 per cent to USD 1,187.40 an ounce in Singapore.