Gold futures rise 0.19 per cent on global cues

New Delhi: Gold futures were trading 0.19 per cent higher at Rs 29,890 per 10 grams as traders raised bets amid positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 56, or 0.19 per cent, at Rs 29,890 per 10 grams, in a business turnover of 444 lots.

Similarly, the metal for delivery in April was quoting higher by Rs 33, or 0.11 per cent, at Rs 29,850 per 10 grams, in 15 lots.

Analysts attributed the rise in gold prices at futures market to a firming trend overseas as weaker dollar raising demand for the precious metal as a safe haven.

Meanwhile, gold was trading 0.19 per cent higher at USD 1,335.60 an ounce in Singapore.