Gold futures gain on global cues

New Delhi, Jul 21: Gold prices rose 0.15 per cent to Rs 28,007 per 10 grams in futures trade today as speculators created fresh positions on positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in far-month October was up by Rs 41, or 0.15 per cent, to Rs 28,007 per 10 grams in a business turnover of four lots.

The metal for delivery in August moved up by Rs 32, or 0.11 per cent, to Rs 28,025 per 10 grams in a turnover of 264 lots.
Analysts said fresh positions created by participants, tracking a firming trend in global market as investors weighed the outlook for higher US borrowing costs against demand for a safe-haven amid unrest in Ukraine and Gaza, influenced gold prices at futures trade here.

Meanwhile, gold rose to USD 1,312 an ounce in Singapore from USD 1,310.88 on Friday.