Gold futures rise 0.31 pc on global cues

Gold prices rose 0.31 per cent to Rs 29,471 per 10 grams in futures trade today as speculators created fresh positions, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in December was trading up by Rs 91, or 0.31 per cent, to Rs 29,471 per 10 grams in a trade volume of 317 lots.
The metal for delivery in February moved up Rs 69, or 0.23 per cent, to Rs 29,586 per 10 grams in a turnover of 45 lots.
Market analysts said rise in the precious metal at the global market influenced gold prices at futures trade here as participants enlarged bets.

Meanwhile, gold edged up as much as 0.14 per cent to USD 1,289.70 an ounce in Singapore today.