Gold futures up on global cues

NEW DELHI, Jan 21: Gold prices rose by 0.17 per cent to Rs 30,633 per 10 gm in futures trade today as speculators enlarged their positions, driven by a firming trend in the Asian region.
At the Multi Commodity Exchange, gold for delivery in February rose by Rs 52, or 0.17 per cent, to Rs 30,633 per 10 gm in business turnover of 2,114 lots.
The metal for delivery in the April moved up by a similar margin to Rs 31,349 per 10 gm in a turnover of 150 lots.
Market analysts said a firming trend in the global market on expectations for more stimulus, while US lawmakers wrangle over the debt limit, mainly influenced gold futures but strengthening rupee against the dollar, limited the gains.
Meanwhile, gold rose by 0.40 per cent to trade at one- month high of USD 1,691.50 an ounce in Singapore in early trade today. (PTI)

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