Gold futures rise on global cues

The sentiment bolstered as gold climbed to its highest level since April 15 in global markets, as investors weighed rising physical sales against falling investment demand.At the Multi Commodity Exchange, gold for delivery in June rose by Rs 142, or 0.53 per cent, to Rs 27,104 per 10 grams in business turnover of 4,816 lots.
The yellow metal for delivery in August traded higher by Rs 139, or 0.51 per cent, to Rs 27,440 per 10 grams in 175 lots.

Analysts said speculators enlarged their positions, driven by firm global trend mainly led to rise in gold prices at futures trade.Gold rose 0.6 per cent to USD 1,479.08 an ounce in Singapore.

Gold prices rose by Rs 142 to Rs 27,104 Rs 27,104 per 10 grams in futures trade today as speculators enlarged their positions.