Gold climbs Rs 94 on positive global cues

New Delhi: Gold prices were trading up by Rs 94 to Rs 28,647 per 10 grams in futures trade today as speculators raised bets amid firm global trend.

At the Multi Commodity Exchange, gold for delivery in August was trading higher by Rs 94, or 0.33 per cent, to Rs 28,647 per 10 grams in a business turnover of 427 lots.

The yellow metal for delivery in October gained Rs 90, or 0.31 per cent, to Rs 28,807 per 10 grams in 15 lots.

Market analysts attributed the rise in gold prices at futures trade to positive global cues as the dollar dropped and US equities weakened, drawing investors' attention to precious metal.

Meanwhile, gold was trading higher 0.38 per cent at USD 1,251.88 an ounce in Singapore.