Gold rises on positive global cues

New Delhi: Gold prices were marginally up by Rs 14 to Rs 30,908 per 10 gram in futures trade on September 1 as speculators raised their bets amid firm global trend.

At the Multi Commodity Exchange, gold for delivery in far-month December was trading higher by Rs 14, or 0.05 per cent, to Rs 30,908 per 10 gram, in a business turnover of three lots.

The yellow metal for delivery in October gained Rs 10, or 0.03 per cent, to Rs 30,734 per 10 gram in 159 lots. Market analysts attributed the rise in gold prices at futures trade to positive global cues.

Meanwhile, gold was trading higher 0.2 per cent at USD 1,310.89 an ounce in Singapore.