Gold futures rise 0.09 per cent on global cues

New Delhi: Gold prices edged up by 0.09 per cent to Rs 29,421 per 10 gram in futures trade as speculators built up fresh position, taking positive cues from the global market.

At Multi Commodity Exchange, gold for delivery in December went up by Rs 27, or 0.09 per cent to Rs 29,421 per ten grams in business turnover of 400 lots.

Analysts said fresh positions created by participants following a better trend in global market with the dollar easing ahead of a key European Central Bank meeting later in day, mainly influenced gold prices at futures trade.

Globally gold traded higher 0.23 per cent to USD 1,280.10 an ounce in Singapore.