Gold futures up on global cues

Gold futures rose by Rs 36 to Rs 28,339 per 10 grams today, as speculators created fresh positions on the back of a firming global trend.

At the Multi Commodity Exchange, June gold rose by Rs 36, or 0.13%, to Rs 28,339 per 10 grams in business turnover of 392 lot.

The April delivery moved up by Rs 33, or 0.12%, to Rs 27,850 per 10 grams in 3,036 lots.

Market analysts said fresh buying by speculators in tandem with a firming global trend mainly led to rise in gold prices at futures trade.

Meanwhile, gold gained 0.4% to $1,657.05 an ounce in Singapore.