Gold futures trade higher by 0.1% on global cues

Mumbai-India (nOV 6)  Gold prices traded marginally higher by 0.16% to Rs 29,210 per ten grams in futures trading today as speculators created positions, driven by a rise in demand in the spot market amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in February rose by Rs 47, or 0.16%, to Rs 29,210 per ten grams in business turnover of 164 lots.

Similarly, the metal for delivery in December traded higher by Rs 17, or 0.06%, to Rs 29,710 per ten grams in 2,352 lots.

Analysts said speculators created positions driven by rising demand in spot markets amid a firm global trend mainly helped gold prices to trade marginally higher.

Meanwhile, gold edged up by 0.03% to $1,312.30 an ounce in Singapore.