Gold futures marginally up on global cues

Gold prices rose by 0.28% to Rs 21,212 per 10 gram in futures trade today, as the precious metal recovered in global market after yesterday's steep fall.

At the Multi Commodity Exchange, gold for delivery in June rose by Rs 59, or 0.28%, to Rs 21,212 per 10 grams, with an open interest for three lots.

Likewise, the yellow metal for delivery in April moved up by Rs 41, or 0.20%, to Rs 20,899 per 10 grams, with a business turnover of two lots.

Market analysts attributed the rise in gold futures to the precious metal's recovery in the global markets, after its prices fell from an all-time high of $1,441.30 an ounce in New York to $1,415.30.

Meanwhile, gold rose by 0.2% to $1,418.10 an ounce in Asian trading today.