Gold goes up Rs 36 on positive global cues

New Delhi: Gold prices were up by Rs 36 to Rs 29,380 per 10 grams in futures trade on Tuesday as speculators raised their bets amid positive global cues.

At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 36, or 0.12 per cent, to Rs 29,380 per 10 grams in a business turnover of 617 lots.

The yellow metal for delivery in far-month February next year gained Rs 26, or 0.09 per cent, to Rs 29,481 per 10 grams in 3 lots.

Market analysts attributed the rise in gold prices at futures trade to a better trend in global market where it extended gains as geopolitical risks, drove investors to safe-haven assets.

Besides, a weaker US dollar against the major basket of currencies also fuelled the uptrend, they added.

Meanwhile, gold was trading 0.95 per cent higher at USD 1,281.50 an ounce in New York on Monday.