Gold up by 0.3% on global cues

Gold prices rose by Rs 88 to Rs 25,050 per 10 gram in futures trade as speculators created fresh positions taking positive cues from the global market.

At Multi Commodity Exchange, gold for delivery in February was trading Rs 88 or 0.35% higher at Rs 25,050 per 10 gram in business turnover of 293 lots.

The metal for delivery in far-month April also moved up by Rs 79 or 0.32% to Rs 25,146 per 10 gram in a turnover of six lots.

Analysts said fresh positions created by participants following a better trend in global market as escalating tension between Saudi Arabia and Iran prompted a return to haven assets, influenced gold prices at futures trade here.
 
Meanwhile, gold rose as much as 0.5% to $1,066.04 an ounce in Singapore.