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Gold futures up 0.33 per cent on global cues

New Delhi: Gold futures were trading up by 0.33 per cent to Rs 27,926 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 92, or 0.33 per cent, to Rs 27,926 per 10 grams in a business turnover of 342 lots.

Similarly, the metal for delivery in October traded higher by Rs 84, or 0.30 per cent, to Rs 28,100 per 10 grams in six 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 retreated, mainly led to rise in gold futures here.

Meanwhile, gold advanced 0.15 per cent to USD 1,219 an ounce in Singapore.

PTI