Gold futures edge up on global cues

Gold prices rose by Rs 26 to Rs22,887 per 10 gram in futures trade on Friday after speculators created freshpositions, driven by a firming global trend.

At the Multi Commodity Exchange, gold futures for deliveryin October surged Rs 26, or 0.11 per cent, to Rs 22,887 per 10 grams, with abusiness turnover of just two lots.

Similarly, the metal for delivery in August gained Rs 23, or0.10 per cent, to Rs 22,612 per 10 grams, with a trade volume of three lots.

 Market analysts said firming trend in global market mainlyled to the rise in gold prices at futures trade here.

 Meanwhile, gold moved up by $6.70 to $1,544.30 anounce in New York.