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Gold prices rose by 0.38 per cent to Rs 28,340 per 10 grams in futures trade today, tracking a better trend overseas as the escalating European debt crisis spurred the demand for the metal.
At the Multi Commodity Exchange, gold for delivery in October moved up by Rs 106 or 0.38 per cent to Rs 28,340 per 10 grams, with a trading volume of 6,875 lots.
Similarly, the metal for December delivery rose by Rs 99 or 0.35 per cent to Rs 28,627 per 10 grams, with an open interest for 415 lots.
Market analysts attributed the gains in gold futures prices to a firming trend overseas as concern about Europe’s sovereign-debt crisis spurred demand for the metal as a haven investment.
Meanwhile, spot gold prices climbed by 0.60 per cent to $1,844.98 an ounce in the Asian region today.
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