Gold futures rise 0.33 pc on global cues

Gold prices were up by 0.33 per cent at Rs 27,055 per 10 grams in futures trade today as speculators created fresh positions by taking positive cues from overseas markets.
Moreover, pickup in demand in spot market supported the upside.
At the Multi Commodity Exchange (MCX), gold for delivery in far-month August contract rose by Rs 90 or 0.33 per cent to Rs 27,055 per ten gram in business turnover of 175 lots.
Similarly, the metal for delivery in June contract traded higher by Rs 70 or 0.26 per cent to Rs 26,882 per ten gram in 6,055 lots.
Analysts attributed the rise in gold futures to a firm global trend amid pickup in demand in the spot market.

Meanwhile, gold was marginally up at USD 1,205.30 an ounce from USD 1,204.22 in Singapore.