Gold futures up Rs 37 on firm global cues

New Delhi: Gold prices rose by Rs 37 to Rs 28,553 per 10 grams in futures trade on July 25 as speculators raised their bets amid a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in August rose by Rs 37 or 0.13 per cent to Rs 28,553 per 10 grams in a business turnover of 142 lots.

Analysts said raising of bets by participants, tracking a firming trend in the global markets as the weakness in the dollar boosted demand for the safe-haven, influenced gold at futures trade here.

Globally, gold edged higher by 0.13 per cent to USD 1,255.70 an ounce in Singapore.