Gold futures rise 0.19 per cent on positive global cues

Gold is trading at Rs 30,550 per 10 grams in futures trade tracking a firming trend overseas.

 New Delhi: Gold prices rose by 0.19 per cent to Rs 30,550 per 10 grams in futures trade on Wednesday as speculators enlarged their positions, tracking a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in August went up by Rs 57 or 0.19 per cent to Rs 30,550 per ten gram in business turnover of 239 lots.

Similarly, the yellow metal for delivery in October was trading higher Rs 56 or 0.18 per cent to Rs 30,830 per ten gram in 13 lots.

Market analysts said widening of positions by traders in sync with a firming global trend mainly influenced gold prices at futures trade.

Globally, gold rose 0.31 per cent to USD 1256.20 an ounce in Singapore.