Gold futures gain 0.56 per cent on global cues
Gold is trading at Rs 30,677 per 10 grams in futures trade on Friday as speculators built up fresh positions.
New Delhi: Gold prices were up by 0.56 per cent to Rs 30,677 per 10 grams in futures trade on Friday as speculators built up fresh positions, tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in February traded higher by Rs 172, or 0.56 per cent, to Rs 30,677 per 10 grams, in a business turnover of 142 lots.
On similar lines, the metal for delivery in far-month April went up by Rs 164, or 0.54 per cent, to Rs 30,610 per 10 grams in 1,329 lots.
Analysts said traders created fresh positions in step with a firm global trend as the weakness in dollar against its major peers, raised demand for the precious metal as a safe- haven, mainly supported the upside in gold prices at futures trade.
Globally, gold rose 0.25 per cent to USD 1,348.30 an ounce in New York on Thursday.