India: Gold futures rise 0.64% on global cues

Mumbai-India (Mar 7)  Gold prices were up by 0.64 per cent to Rs 30,200 per 10 grams in futures trading in the evening session today as speculators raised their bets, tracking a firm global trend.

 The exchange remained closed for the morning session on account of 'Maha Shivratri'.

 At the Multi Commodity Exchange, gold for delivery in far-month June month rose by Rs 192, or 0.64 per cent to Rs 30,200 per ten grams in business turnover of 82 lots.

 Similarly, the metal for delivery in April traded higher by Rs 164, or 0.55 per cent to Rs 29,930 per ten grams in 1,098 lots.

 Analysts attributed rise in gold prices at futures trade to widening of positions by participants amidst a firming trend overseas.

 Globally, gold advanced 0.9 per cent to USD 1,270.43 an ounce in London.

Source: TheHindu