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Gold futures up 0.2% on firm global cues

Firming overseas trend helped the gold futures trade here

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Press Trust of India New Delhi

Gold futures for February moved up by Rs 63, or 0.2%, to trade at Rs 30,835 per 10 grams in 1,993 lots.

At the Multi Commodity Exchange, the April contract gained Rs 38, or 0.12%, to Rs 31,410 per 10 grams in 492 lots.

Fresh positions by speculators, strong spot markets supported the trade.

Firming overseas trend helped the gold futures trade here.

Hike in import duty to 6% from 4% and wedding season demand also supported the upside.

In Singapore, gold traded a shade higher at $1,693.55 an ounce in early trade.

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First Published: Jan 23 2013 | 2:20 PM IST

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