Gold futures edge higher positive on global cues

New Delhi: Gold prices edged up by 0.06 per cent to Rs 31,552 per 10 gram in futures trade as participants created fresh positions, taking positive cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in June month went up by Rs 18, or 0.06 per cent, to Rs 31,552 per ten grams in a business turnover of 566 lots.

Similarly, the yellow metal for delivery in August was trading higher by Rs 13, or 0.04 per cent, to Rs 31,715 per 10 grams in 2 lots.

Analysts said fresh positions built up by traders, in line with a firm trend overseas, influenced gold prices in futures trade here.

Globally, gold rose 0.18 per cent to USD 1,351.60 an ounce in Singapore on Thursday.