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Gold futures rose 0.5 per cent to Rs 28,443 per 10 gm today as speculators enlarged positions on the back of a firm global trend.
On the Multi Commodity Exchange, gold for delivery in far-month August rose Rs 142 or 0.5 per cent to Rs 28,443 per 10 grams with a business turnover of 90 lots.
Similarly, the yellow metal for delivery in June moved up by Rs 140 or 0.49 per cent to Rs 28,930 per 10 grams with a trade volume of 1,763 lots.
Market analysts said the rise in gold futures was mainly in line with a firm trend in overseas markets as the conflict between Russia and Ukraine fuelled demand and buying increased in China, the world’s largest consumer.
Meanwhile, gold rose 0.79 per cent to $1,293.90 an ounce in New York yesterday.
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