Gold futures up 0.11% on global cues

Wednesday, Aug 3, 2016,12:29 IST By metrovaartha A A A

New Delhi | Gold futures were up by 0.11 per cent to Rs 31,809 per 10 grams as traders raised bets amid positive cues from the global markets.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 34, or 0.11 per cent, to Rs 31,809 per 10 grams in a business turnover of one lot.

Similarly, the metal for delivery in far-month October contracts traded higher by Rs 24 or 0.08 per cent to Rs 31,839 per 10 grams in 548 lots.

Analysts said raising of bets by speculators triggered by a firming trend overseas, mainly led to rise in gold futures here.

Meanwhile, gold advanced 0.01 per cent to USD 1,362.90 an ounce in Singapore.