Gold futures rise 0.41% on global cues

Gold prices rose by 0.41 per cent to Rs 28,085 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in June rose by Rs 114, or 0.41 per cent, to Rs 28,085 per 10 gram, in a business turnover of 415 lots.
Likewise, the yellow metal for delivery in far-month August moved up by Rs 116, or 0.41 per cent, to Rs 28,192 per 10 gram in eight lots.
Analysts said fresh positions built up by traders in line with a firm trend overseas influenced gold prices at futures trade.

Globally, gold rose 0.07 per cent to USD 1,221.90 an ounce in Singapore.