Gold futures rise 0.50 pc on global cues

New Delhi, May 17 (PTI) Gold prices rose 0.50 per cent to Rs 28,235 per 10 grams in futures trade today as participants created fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in June rose by Rs 141 or 0.50 per cent to Rs 28,235 per 10 grams in a business turnover of 546 lots. Likewise, the yellow metal for delivery in far-month August moved up by Rs 115 or 0.41 per cent to Rs 28,402 per 10 grams in 13 lots. Analysts said a firm global trend after the dollar sank to six-month lows against major currencies, raised demand for precious metals, which influenced gold prices at futures trade here. Globally, gold rose 0.52 per cent to USD 1,243.10 an ounce in Singapore. PTI