Gold futures up 0.82% on global cues

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Gold prices rose by 0.82 per cent to Rs 27,858 per 10 grams in futures trade Monday as speculators created fresh positions, taking positive cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 227, or 0.82 per cent to Rs 27,858 per 10 grams in business turnover of 10,901 lots.

Similarly, the metal for delivery in October traded higher by Rs 127, or 0.46 per cent to Rs 27,627 per ten grams in 4349 lots.

Market analysts said fresh positions created by speculators supported by a firm global trend mainly led to rise in gold prices at futures trade.

Meanwhile, gold rose by 1.50, or 0.11 per cent to $1,535.30 an ounce in London.

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