Gold prices rise in futures trade on global cues

New Delhi: Gold prices rose by Rs 100 to Rs 29,503 per 10 grams in futures trade today as speculators widened positions taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in far-month August was up by Rs 100, or 0.34 per cent to Rs 29,503 per 10 grams in a business turnover of 58 lots.

The metal for delivery in June also moved up by Rs 86 or 0.29 per cent to Rs 29,288 per 10 grams in a turnover of 1,302 lots. Market analysts said rise in the precious metal in global markets mainly influenced gold prices at the futures trade here. Globally, gold gained 0.08 per cent to USD 1,244.30 an ounce in Singapore on April 26.