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Gold futures up Rs 29 on global cues

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Gold prices rose by Rs 29 to Rs 27,050 per 10 grams in futures trade today as speculators created fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in far-month April next year was up Rs 29, or 0.11 percent, to Rs 27,050 per 10 grams in a trade volume of four lots. 

The metal for delivery in February moved up Rs 21, or 0.08 percent, to Rs 27,040 per 10 grams in a turnover of 173 lots. Market analysts said that the rise in precious metal at the global market mainly influenced gold prices at futures trade here. Meanwhile, gold edged up 0.17 percent to USD 1,130.10 an ounce in Singapore today.

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