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Gold futures rise on higher global cues

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Press Trust of India New Delhi

Tracking a firming global trend, gold futures today rose by Rs 112 to Rs 28,397 per 10 grams as speculators created fresh positions.

At the Multi Commodity Exchange, June gold rose by Rs 112, or 0.40%, to Rs 28,397 per 10 grams, with a business turnover of 226 lots.

The April delivery moved up by Rs 80, or 0.29%, to Rs 28,005 per 10 grams in 4,499 lots.

Analysts attributed the rise in gold futures to a firming global trend.

Meanwhile, gold rose by 0.4% to $1,724.32 an ounce in Singapore.

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First Published: Mar 02 2012 | 1:33 PM IST

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