Buoyed by a firming global trend, gold prices rose Rs 48 to Rs 28,712 per ten grams at the futures trade today.

At the Multi Commodity Exchange, gold for delivery in April rose Rs 48 or 0.17 per cent to Rs 28,712 per ten grams with a business turnover of 998 lots. In a similar fashion, the metal for delivery in June moved up by Rs 50 or 0.17 per cent to Rs 29,075 per ten grams in 38 lots.

Analysts said apart from a firming trend in overseas markets, the ongoing marriage season demand in the domestic markets mainly led to a rise in gold futures.

Meanwhile, the yellow metal gained 0.05 per cent to $1,774.50 an ounce in Singapore.

(This article was published on February 27, 2012)
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