Gold futures rise 0.71 per cent on positive global cues

New Delhi: Gold prices moved up by 0.71 percent to Rs 29,075 per 10 gram in futures trade today as speculators took fresh positions on positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in June rose by Rs 204, or 0.71 per cent to Rs 29,075 per ten grams in business turnover of 4 lots. On similar lines, the yellow metal for delivery in far- month August was trading higher by Rs 127, or 0.44 per cent to Rs 29,215 per ten gram in 804 lots.

Market analysts attributed the rise in gold prices in futures trade to a firm trend in global markets. Globally, gold rose 0.11 per cent to USD 1279.90 an ounce in Singapore.