Gold futures rise 1.01 pc on global cues

New Delhi, Mar 2 () Gold prices on Monday surged Rs 419 to Rs 41,816 per 10 gram in futures trade as speculators raised their bets tracking firm trend overseas.

On the Multi Commodity Exchange, gold contracts for April traded higher by Rs 419, or 1.01 per cent, to Rs 41,816 per 10 gram in a business turnover of 5,904 lots.

The yellow metal for delivery in June soared by Rs 493, or 1.19 per cent, to Rs 42,076 per 10 gram in a business turnover of 696 lots.

Globally, gold prices gained 2.27 per cent to USD 1,602.20 per ounce in New York. VHP RUJRUJ