Gold futures up at Rs 29,066 per 10 gm

PTI Updated - February 17, 2014 at 11:04 AM.

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Gold futures rose 0.21 per cent to Rs 29,066 per 10 grams today as speculators enlarged their positions, driven by a firm trend in the Asian region.

On the Multi Commodity Exchange, gold for delivery in June gained Rs 61 or 0.21 per cent to Rs 29,066 per 10 grams in a business turnover of five lots.

Likewise, the metal for delivery in April moved up by Rs 48 or 0.16 per cent to Rs 29,423 per 10 grams in a turnover of 443 lots.

Market analysts said a firm trend in the global market, as speculation that US economic recovery will stall boosted the demand for haven assets, mainly influenced gold prices at the futures trade here.

Meanwhile, the yellow metal rose 0.9 per cent to $1,330.03 an ounce in Singapore, the highest since October 31.

Published on February 17, 2014 05:29