Gold futures remain up, gain 0.29 pc on global cues

Rising for the second straight day, gold prices gained Rs 82 to Rs 28,743 per 10 grams in futures trade today as speculators enlarged their positions on firm global cues.

At the Multi Commodity Exchange, gold for delivery in June month rose by Rs 82, or 0.29 per cent to Rs 28,743 per 10 grams in business turnover of 506 lots.

In a similar fashion, the yellow metal for delivery in far-month August contracts gained Rs 70, or 0.24 per cent to Rs 28,904 per 10 grams in 37 lots.

Market analysts said widening of positions by traders in line with a firm global trend mainly kept gold prices higher in futures trade.

Globally, gold rose 0.23 per cent to USD 1258.30 an ounce in Singapore.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)