 "Gold up 1.1% on positive global cues")
Gold prices rose 1.10% to Rs 28,729 per ten gram in futures trading today as speculators enlarged positions, tracking a firming global trend.
At the Multi Commodity Exchange, gold for delivery in June edged higher by Rs 312, or 1.10%, to Rs 28,729 per ten gram in business turnover of 4,943 lots.
Likewise, the yellow metal for delivery in Aug moved up by Rs 267, or 0.95% to Rs 28,402 per ten gram in 98 lots.
Meanwhile, gold rose by 0.5% to 1,318.13 dollar an ounce, the highest level since March 24 in Singapore.
At the Multi Commodity Exchange, gold for delivery in June edged higher by Rs 312, or 1.10%, to Rs 28,729 per ten gram in business turnover of 4,943 lots.
Likewise, the yellow metal for delivery in Aug moved up by Rs 267, or 0.95% to Rs 28,402 per ten gram in 98 lots.
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Analysts attributed the rise in gold futures to firming global trend where it advanced to over two-week highs as US Federal Reserve minutes played down forecasts by some of the bank's own policy makers that interest rates might rise faster than they previously predicted.
Meanwhile, gold rose by 0.5% to 1,318.13 dollar an ounce, the highest level since March 24 in Singapore.
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