Gold prices were trading up by Rs 115 at Rs 28,959 per 10 grams at the futures trade as speculators indulged in raising bets amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 115 or 0.40 per cent at Rs 28,959 per 10 grams in a business turnover of 11 lots.

The yellow metal for delivery in October gained Rs 75 or 0.26 per cent at Rs 28,919 per 10 gm in 401 lots.

Market analysts attributed the rise in gold prices at the futures trade to positive global cues.

Meanwhile, gold climbed 1.29 per cent to $1,276.90 an ounce in New York yesterday.

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