Gold futures up Rs 63 to Rs 29,549 on firm global cues,spot demandhttps://indianexpress.com/article/business/commodities/gold-futures-up-rs-63-to-rs-29-549-on-firm-global-cues-spot-demand/

Gold futures up Rs 63 to Rs 29,549 on firm global cues,spot demand

Analysts attribute gains in the precious metal at futures trade to a firm trend in overseas markets.

Gold futures prices on Tuesday rose by 0.22 per cent to Rs 29,549 per 10 gram as speculators enlarged positions,largely in tandem with a firming trend overseas.

At the Multi Commodity Exchange,metal prices for delivery in December gained Rs 63,or 0.22 per cent,to trade higher at Rs 29,549 per 10 gram in a turnover of 1,349 lots.

Similarly,the metal prices for delivery in February 2014 edged up by Rs 22,or 0.05 per cent,to Rs 29,230 per 10 gram,clocking a business volume of 9 lots.

Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas markets,besides rising demand in the domestic markets for the ongoing festive and marriage season.

Gold rose by 0.17 per cent to USD 1,324.70 an ounce in Singapore today.