Bullion futures advance amid weak geopolitical cues

Gold prices climbed by Rs 1,315 to Rs 1.56 lakh per 10 grams in the futures trade on Friday, tracking firm global trends amid renewed geopolitical tensions between the US and Iran, which boosted the safe-haven asset.

The yellow metal for April delivery appreciated by Rs 1,315, or 0.85 per cent, to Rs 1,56,134 per 10 grams in a business turnover of 7,355 lots.

In the international market, Comex gold futures for April delivery gained $49.55, or 1 per cent, to $5,046.95 per ounce.