Gold futures up Rs 37 on firm global cues

New Delhi, July 25

Gold prices rose by Rs 37 to Rs 28,553 per 10 grams in futures trade on Tuesday 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. PTI