Gold futures rise Rs 57 on global cues

Gold prices rose Rs 57 to Rs 25,041 per 10 grams in futures trading today as speculators created fresh positions, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in April next year moved up by Rs 57, or 0.23 per cent to Rs 25,041 per ten grams in business turnover of 2 lots.
On similar lines, the metal for delivery in February contracts traded higher by Rs 45, or 0.18 per cent to Rs 24,886 per ten grams in 185 lots.
Market analysts attributed the rise in gold futures to a firm global trend.

Meanwhile, gold traded 0.4 per cent higher at USD 1,054.99 an ounce in Singapore.