Gold futures rise on global cues

Tracking firming global trend, gold prices rose Rs 25 to Rs 20,195 per ten grams in futures trade today on fresh buying by speculators. 

At the Multi Commodity Exchange, gold for August rose by Rs 25, or 0.12 per cent, to Rs 20,195 per ten grams, with a business turnover of three lots.

Likewise, the metal for delivery in February contract gained Rs 13, or 0.07 per cent, to Rs 19,935 per ten grams, with a business volume of 25 lots. 

Analysts said beside firming global trend, fresh buying by speculators on pick up in demand in the spot market led to the rise in gold futures prices.  

Meanwhile, gold rose by $4.10 to $1,337.10 an ounce in Asia.