Gold futures rise 0.14% on global cues

Gold prices went up by 0.19 per cent to Rs 28,485 per 10 grams in futures trading today as speculators raised their bets amid a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month December rose by Rs 39, or 0.14 per cent, to Rs 28,485 per 10 grams, in a business turnover of 73 lots.
Likewise, the yellow metal for delivery in October was up by Rs 19, or 0.07 per cent, to Rs 28,476 per 10 grams in 4,302 lots.
Analysts said raising of bets by participants, tracking a firm trend in the global markets, mainly influenced gold at futures trade.

Globally, gold edged higher by 0.41 per cent to USD 1,262.50 an ounce in New York.