Gold futures edge up on positive global cues

New Delhi: Gold prices rose 0.15 per cent to Rs 29,920 per 10 grams in futures trade on Wednesday as participants raised bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in April gained Rs 46, or 0.15 per cent, to Rs 29,920 per 10 grams in business turnover of 29 lots.

Likewise, the metal for delivery in February contracts traded higher by Rs 33, or 0.11 per cent, at Rs 29,944 per 10 grams in 29 lots.

Analysts said a firm trend overseas where gold strengthened as the US dollar fell to fresh three-year low, boosted demand for a haven, influencing the precious metal prices in futures trade here.

Meanwhile, gold rose 0.59 per cent to USD 1,340.90 in New York on Tuesday.