Gold futures rise 0.24 per cent on global cues

New Delhi: Gold prices rose by 0.24 per cent to Rs 31,002 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in June rose by Rs 73, or 0.24 per cent, to Rs 31,002 per 10 gram, in a business turnover of 331 lots.

Likewise, the yellow metal for delivery in far-month August moved up by Rs 52, or 0.17 per cent, to Rs 31,190 per 10 gram in five lots.

Analysts said fresh positions built up by traders in line with a firm trend overseas, after falling almost one per cent to hit lowest level level this year in the previous session on the back of a stronger US dollar, influenced gold prices at futures trade.

Globally, gold rose 0.48 per cent to USD 1,309.90 an ounce in Singapore.