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Gold rises Rs 112 on positive global cues

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New Delhi: Gold prices rose by Rs 112 to Rs 29,461 per 10 gram in futures trade on Monday after speculators raised their bets amid a firm global trend.
At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 112, or 0.38 per cent, to Rs 29,461 per 10 gram, in a business turnover of 66 lots. The yellow metal for delivery in far-month December, too, advanced by Rs 87, or 0.29 per cent, to Rs 29,665 per 10 gram in just one lot.
The demand for the yellow metal that improved last week after prices touched 19-month lows. Meanwhile, gold was trading 0.05 per cent higher at USD 1,185.20 an ounce in Singapore. (PTI )

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