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Gold futures rise 0.27 per cent on global cues

New delhi: Gold prices rose by 0.27 per cent to Rs 28,796 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in June rose by Rs 77, or 0.27 per cent, to Rs 28,796 per 10 gram in a business turnover of 418 lots.

Likewise, the yellow metal for delivery in far-month August moved up by Rs 56, or 0.19 per cent, to Rs 28,888 per 10 gram in 10 lots.

Analysts said fresh positions built up by traders in line with a firm trend overseas influenced gold prices at futures trade here.

Globally, gold rose 0.40 per cent to USD 1,269 an ounce in New York yesterday.
PTI