Gold futures open higher

KUALA LUMPUR: Gold futures contracts opened higher on Bursa Malaysia Derivatives Wednesday on improved buying demand from investors.

At 9.20 am, December 2013 rose 1.15 ticks to RM130 a gramme, while January 2014 was up 1.0 tick to RM129.20 a gramme, with eight lots traded.

Open interest stood at 980 contracts.