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Gold futures up 0.09 per cent on global cues

New Delhi: Gold futures were up by 0.09 percent to Rs 28,305 per 10 grams as traders raised bets amid positive cues from the global markets.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 26, or 0.09 per cent, to Rs 28,305 per 10 grams, in a business turnover of 509 lots.

Similarly, the metal for delivery in far-month October traded higher by Rs 17, or 0.06 per cent, to Rs 28,530 per 10 grams in 12 lots.

Analysts said raising of bets by speculators triggered by a firming trend overseas as a drop in equities drove safe- haven buying and the US dollar weakened, mainly led to the rise in gold futures.

Meanwhile, gold advanced 0.11 per cent to USD 1,245.88 an ounce in Singapore.