Gold futures edge higher on global cues

NEW DELHI, May 22:� Gold prices rose by Rs 76 to Rs 27,421 per 10 grams in futures trade today as speculators created fresh positions amid a firming trend overseas.At the Multi Commodity Exchange, gold for delivery in August rose by Rs 76, or 0.33 per cent, to Rs 27,421 per 10 grams in a business turnover of 14 lots.The metal for delivery in June moved up by Rs 77, or 0.28 per cent, to Rs 27,185 per 10 grams in a turnover of 528 lots.Analysts said gains in the precious metal overseas after minutes of a US Fed meeting signalled borrowing costs won�t be raised in June influenced gold prices at futures trade here.Meanwhile, gold advanced as much as 0.2 per cent to USD 1,207.09 an ounce in Singapore. (PTI)