Gold prices rose 0.41 per cent to Rs 28,085 per 10 gram at the futures trade as participants created fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in June rose Rs 114 or 0.41 per cent to Rs 28,085 per 10 gram in a business turnover of 415 lots.

Likewise, the yellow metal for delivery in far-month August moved up by Rs 116 or 0.41 per cent to Rs 28,192 per 10 gram in eight lots.

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

Globally, gold rose 0.07 per cent to $1,221.90 an ounce in Singapore.

(This article was published on May 10, 2017)
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