Gold futures rise 0.36% on global cues

New Delhi: Gold prices moved up by 0.36 percent to Rs 28,125 per 10 grams in the evening session of trading at futures trade today as speculators created fresh positions amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in October rose by Rs 100, or 0.36 per cent, to Rs 28,125 per 10 grams in a business turnover of 24 lots.

In a similar fashion, the yellow metal for delivery in August gained Rs 90, or 0.32 per cent, to Rs 28,016 per 10 grams in 133 lots. MCX remained closed for morning session on account of "Id-ul-Fitr". Analysts attributed the rise in futures to a firm global trend where gold climbed to one-week high as tension over Ukraine and in the Middle East increased demand for a haven. Globally, gold gained 0.3 per cent to USD 1,308.06 an ounce in London.