Gold futures advance Rs 50 on global cues New Delhi

Apr 17 (PTI) Gold prices rose Rs 50 to Rs 29,459 per ten grams in futures trading today as speculators raised bets, tracking a firming trend overseas. Gold for delivery in June spurted Rs 50, or 0.17 per cent, to Rs 29,459 per 10 grams, in a business turnover of 725 lots. Analysts said, speculators widened their bets, tracking a firming global trend due to continued geopolitical tensions which boosted the metal’s appeal as a haven asset and influenced gold futures here. Globally, gold traded at USD 1,291.60 an ounce in Singapore. PTI