Gold futures rise by Rs 33 to Rs 28,600 per 10 grams

New Delhi: Gold prices climbed up by Rs 33 to Rs 28,600 per 10 grams in futures trade today as speculators created positions amid positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in August shot up by Rs 33, or 0.12 per cent, to Rs 28,600 per 10 grams in a business turnover of 531 lots. The metal for delivery in October was trading higher by Rs 32, or 0.11 per cent, to Rs 28,771 per 10 grams in a turnover of 14 lots.

Analysts said a firming trend overseas amid weakening dollar raising the demand of the precious metal, influenced the precious metal here in futures trade.

Meanwhile, gold rose 0.23 per cent to USD 1,252.17 an ounce in Singapore today.