Gold rises Rs 67 in futures trade on global cues

New Delhi: Gold prices rose by Rs 67 to Rs 30,101 per 10 gram in futures trade after speculators raised their bets amid a better trend overseas. Gold for delivery in June was trading higher by Rs 67, or 0.22 per cent, to Rs 30,101 per 10 gram with a turnover of 1,113 lots at the Multi Commodity Exchange.

The metal for delivery in far-month August contracts was up by Rs 57, or 0.19 per cent, at Rs 30,335 per 10 gm in a turnover of 45 lots. Analysts said rise in gold prices at futures trade was mostly in tune with a firming trend overseas amid strength in dollar, raising the appeal for the precious metals. Meanwhile, gold rose as much as 0.39 per cent to USD 1,277.80 an ounce in Singapore.