Gold futures extend gains on global cues

Gold futures traded up on MCX as investors and speculators booked fresh positions in the precious metal tracking firm global cues as the minutes released from the US Federal Reserve’s latest meet allayed fears over the timing of a rise in interest rates in the world’s biggest economy, boosting the appeal of the yellow metal. The contract for June delivery was trading at Rs 28647.00, up by 0.81% or Rs 230.00 from its previous closing of Rs 28417.00. The open interest of the contract stood at 9563.00 lots. The contract for August delivery was trading at Rs 28340.00, up by 0.73% or Rs 205.00 from its previous closing of Rs 28135.00. The open interest of the contract stood at 1480.00 lots on MCX.