Gold up 0.50 per cent on positive global cues

New Delhi: Gold prices were up by 0.50 per cent to Rs 29,889 per 10 gram in futures trade on October 13 as speculators enlarged positions amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in February next year was trading higher by Rs 148 or 0.50 per cent to Rs 29,889 per 10 gram in a business turnover 17 lots.

The yellow metal for delivery in December gained Rs 134 or 0.45 per cent to Rs 29,785 per 10 gm in 926 lots.

Market analysts attributed rise in gold prices at futures trade to building up of fresh positions by participants, tracking positive global cues.

Meanwhile, gold rose 0.36 per cent to USD 1,259.40 an ounce in Singapore.