Gold futures rise 0.07% on positive global cues

NEW DELHI, June 15: Gold prices were up by 0.07 per

Cent to Rs 31,400 per 10 gram in futures trade today as speculators enlarged positions amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in far-month August was trading higher by Rs 23 or 0.07 per cent to Rs 31,400 per 10 gram in a business turnover 519 lots.

Market analysts attributed rise in gold prices at futures trade to building up of positions by speculators, tracking a positive trend in global markets.

Meanwhile, gold rose 0.24 per cent to USD 1,301.90 an ounce in New York. (PTI)