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Gold futures were up by 0.09 per cent at Rs 28,305 per 10 grams as traders raised bets amid positive cues from the global markets.
At the Multi Commodity Exchange, gold for delivery in August rose Rs 26 or 0.09 per cent to Rs 28,305 per 10 grams in a business turnover of 509 lots. Similarly, the metal for delivery in far-month October traded higher by Rs 17 or 0.06 per cent to Rs 28,530 per 10 grams in 12 lots.
Analysts said raising of bets by speculators triggered by a firm trend overseas, as a drop in equities drove safe-haven demand and the US dollar weakened, mainly led to the rise in gold futures.
Meanwhile, gold advanced 0.11 per cent to $1,245.88 an ounce in Singapore.
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