Gold futures up 0.11% on global cues

Gold prices rose by Rs 26 to Rs 22,887 per 10 gram in futures trade today after speculators created fresh positions, driven by a firming global trend.

At the Multi Commodity Exchange, gold futures for delivery in October surged Rs 26, or 0.11%, to Rs 22,887 per 10 grams, with a business turnover of just two lots.

August gold gained Rs 23, or 0.10%, to Rs 22,612 per 10 grams, with a trade volume of three lots.

Market analysts said firming trend in global market mainly led to the rise in gold prices at futures trade here.

Meanwhile, gold moved up by $6.70 to $1,544.30 an ounce in New York.