Positive global cues lift gold futures by 0.09%

Tracking a firm global trend, gold prices edged up by 0.09 percent to Rs 29,355 per 10 grams in futures trade today as speculators built up fresh positions.

At the Multi Commodity Exchange, gold for delivery in October edged up by Rs 25, or 0.09 percent, to Rs 29,355 per ten grams in business turnover of 796 lots.

Similarly, the yellow metal for delivery in December contracts was up by Rs 10, or 0.03 percent, to Rs 29,552 per ten grams in 6 lots.

Market analysts said fresh positions created by traders in sync with a firming global trend where gold prices edged higher as the dollar pulled further away from more than one-year highs.

Globally, gold was trading higher by 0.12 percent to USD 1175.10 an ounce in Singapore.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)