Gold futures rise 0.52% on global cues

At the Multi Commodity Exchange, gold for delivery in October rose by Rs 135, or 0.52% to Rs 25,990 per 10 grams in business turnover of 146 lots The yellow metal for delivery in August contract moved up by Rs 77, or 0.30% to Rs 25,940 per 10 grams in 4,115 lots.

Tracking a firm global trend, gold prices rose by 0.52% to Rs 25,990 per 10 grams in the national capital on Monday as speculators created fresh positions.

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At the Multi Commodity Exchange, gold for delivery in October rose by Rs 135, or 0.52% to Rs 25,990 per 10 grams in business turnover of 146 lots.

In a similar fashion, the yellow metal for delivery in August contract moved up by Rs 77, or 0.30% to Rs 25,940 per 10 grams in 4,115 lots.

Analysts attributed the rise in gold futures to a firm global trend as investors weighed a decline in the dollar against signs of an improving economy that may cut bullion demand.

Meanwhile, gold added 0.2% to USD 1,255.31 an ounce in London.