Gold futures up 0.11 per cent on global cues

Gold futures were up 0.11 per cent to Rs 28,930 per ten grams as traders raised bets amid positive cues from the global markets. At the Multi Commodity Exchange, gold for delivery in April rose by Rs 31 or 0.11 per cent to Rs 28,930 per ten grams in a business turnover of 1,191 lots.

Similarly, the metal for delivery in far-month June traded higher by Rs 24 or 0.08 per cent to Rs 29,190 per ten grams in 63 lots. Analysts attributed the rise in gold prices to a firming trend overseas as investors await the release of minutes from the last Federal Open Market Committee meeting for further signs of the central bank's views.

Meanwhile, gold was trading 0.46 per cent higher at USD 1,205.80 an ounce in Singapore.