Gold futures rise to Rs 32,109 on firm global cues

New Delhi, January 10

Gold prices rose by Rs 108 to Rs 32,109 per 10 gram in futures trade on Thursday as speculators widened their bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 108, or 0.34 per cent, to Rs 32,109 per 10 gram, in a business turnover of 15,159 lots.

Similarly, the March rates for the precious metal were up by Rs 119, or 0.37 per cent, to Rs 32,194 per 10 gram with a business volume of 4,505 lots.

Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal as a safe haven, mainly pushed up gold prices.

Globally, gold rose 0.53 per cent to trade at USD 1,296.17 an ounce in Singapore. PTI

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