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Gold futures rise 0.33% on global cues

Press Trust of India  |  New Delhi 

Gold prices rose by 0.33 per cent to Rs 28,085 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 93, or 0.33 per cent, to Rs 28,085 per 10 gram, in a business turnover of 346 lots.

Likewise, the yellow metal for delivery in far-month August moved up by Rs 91, or 0.32 per cent, to Rs 28,280 per 10 gram in 9 lots.

Analysts said fresh positions built up by traders in line with a firm global trend where gold strengthened as a worldwide cyber attack fuelled demand for safe-haven assets, influenced the sentiment.

Globally, gold rose 0.25 per cent to USD 1,233.50 an ounce in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 16 2017. 11:32 IST