Gold rises 0.36% on positive global cues

Gold prices were up by 0.36 per cent to Rs 28,777 per 10 gram in futures trade today as speculators enlarged positions amid a firm global trend.
At the Multi Commodity Exchange, gold for delivery in far-month October was trading higher by Rs 103 or 0.36 per cent to Rs 28,777 per 10 gram in a business turnover four lots.
The yellow metal for delivery in August gained Rs 94 or 0.33 per cent to Rs 278,620 per 10 gm in 532 lots.
Market analysts attributed rise in gold prices at futures trade to building up of positions by speculators, tracking a positive trend in global markets.

Meanwhile, gold rose 0.27 per cent to USD 1,246 an ounce in Singapore.