Gold prices move up by Rs 17 in futures trade on global cues

Gold prices rose by Rs 17 to Rs 28,840 per 10 gram in futures trade after speculators raised their bets amid a better trend overseas.
Gold for delivery in far-month June was trading higher by Rs 17, or 0.06 per cent, to Rs 28,840 per 10 gram with a turnover of seven lots at the Multi Commodity Exchange.
The metal for delivery in April contracts was up by Rs 12, or 0.04 per cent, at Rs 28,763 per 10 gram in a turnover of 938 lots.
Analysts said rise in gold prices at futures trade was mostly in tune with a firming trend overseas.

Meanwhile, gold rose as much as 0.11 per cent to USD 1,216.90 an ounce in Singapore.