Gold futures up by Rs 111 on global cues

New Delhi: Gold prices were higher by Rs 111 to Rs 30,281 per 10 grams in futures trade on Friday as speculators widened their positions on positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 111, or 0.37 per cent, at Rs 30,281 per 10 grams, in a business turnover of 297 lots.

The metal for delivery in far-month December, too, rose by Rs 91, or 0.30 per cent, at Rs 30,488 per 10 grams, in a turnover of 14 lots.

Analysts said raising of bets by participants, tracking a firming trend in global market, influenced the gold prices in futures trade.

Globally, gold rose 0.37 per cent at USD 1,204 an ounce in Singapore on Friday.