Gold rises marginally despite weak global cues

New Delhi: Gold prices were up by 0.15 per cent to Rs 30,953 per 10 gram in futures trade on Wednesday as speculators created positions, ignoring weak global cues.

At the Multi Commodity Exchange, gold for delivery in June was trading higher by Rs 45, or 0.15 per cent, to Rs 30,953 per 10 gram in a business turnover 103 lots.

The yellow metal for delivery in April gained Rs 31, or 0.10 per cent, to Rs 30,730 per 10 gm in 387 lots.

Market analysts attributed the rise in gold prices in futures trade to building up of positions by speculators, but a weak trend in the precious metals overseas restricted the gains.

Globally, gold shed 0.15 per cent to USD 1,342.50 an ounce in Singapore.