Gold futures marginally higher in trade

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Gold futures marginally higher in trade
Gold futures were trading marginally higher by Rs 64 at Rs 29,223 on a slight increase in international prices.

International prices of gold were off the day's lows as tensions in Ukraine began to escalate. Gold rose marginally by $4 in the international markets to $1,313 an ounce. Gold traders have once again turned bearish after Fed Chair Janet Yellen last week hinted at an earlier than expected interest rate hike.

Gold has been gaining momentum this year, after falling for the first time in 12 years last year. Dealers say that the next few days may see some momentum in gold as investors shift attention to the ongoing escalation of problems in Ukraine. Check gold rates here

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