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Gold prices move up by .23 percent on positive global cues

New Delhi, Feb 26: Gold prices have recorded a hike by 0.23 percent to Rs 30,699 per 10 gram in futures trade on Monday as speculators built up fresh positions, driven by a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in June rose by Rs 71, or 0.23 percent to Rs 30,699 per ten grams in business turnover of 23 lots.

Likewise, the yellow metal for delivery in April contracts was trading higher by Rs 56, or 0.18 percent to Rs 30,565 per ten grams.

Analysts said fresh positions built up by participants largely in sync with a firm trend overseas, as the dollar eased influenced sentiment here.

Gold rose 0.63 percent to USD 1,336.60 an ounce in Singapore.

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