Gold surges Rs 82 per 10 grams in futures trade on global cues

Gold prices were trading up by Rs 82 to Rs 29,286 per 10 grams in futures trade today as speculators took fresh positions on positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in December was up Rs 82, or 0.28 per cent, at Rs 29,286 per 10 grams in a business turnover of 14 lots.
The metal for delivery in October was also trading higher by Rs 54, or 0.19 per cent, at Rs 29,230 per 10 grams in a turnover of 534 lots.
Analysts said, a firming trend in global market as geopolitical tensions between the US and North Korea remained, raising appeal of precious metals as a safe-haven, influenced the gold prices in futures trade here.

Globally, gold rose 0.70 per cent higher at USD 1,285.80 an ounce in New York today.