Gold rises on positive global cues
Gold prices were up by Rs 44 to Rs 28,237 per 10 gram in futures trade today as speculators raised their bets amid firm global trend.
At the Multi Commodity Exchange, gold for delivery in far-month October was trading higher by Rs 44, or 0.16 per cent, to Rs 28,237 per 10 gram, in a business turnover of 10 lots.
The yellow metal for delivery in August gained Rs 33, or 0.12 per cent, to Rs 28,029 per 10 gram in 517 lots.
Market analysts attributed the rise in gold prices at futures trade to positive global cues.
Meanwhile, gold was trading higher 0.17 per cent at USD 1,230.78 an ounce in Singapore.