Gold futures rise to Rs 29,210 per 10 gm

Gold prices traded marginally higher by 0.16 per cent at Rs 29,210 per ten grams at the futures trade today as speculators created positions, driven by a rise in demand at the spot market amid a firm global trend.

On the Multi Commodity Exchange, gold for delivery in February rose Rs 47 or 0.16 per cent to Rs 29,210 per ten grams in a business turnover of 164 lots. Similarly, the metal for delivery in December traded higher by Rs 17 or 0.06 per cent to Rs 29,710 per ten grams in 2,352 lots.

Analysts said speculators created positions driven by a rising demand in the spot market amid a firm global trend.

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