Gold prices rose 0.15 per cent to Rs 29,580 per 10 grams at the futures trade today after speculators enlarged positions on the back of positive global cues due to weak dollar.
On the Multi Commodity Exchange, gold for delivery in February was up Rs 45 or 0.15 per cent to Rs 29,580 per 10 grams in a business turnover of 976 lots.
Similarly, the metal for delivery in April moved up by Rs 43 or 0.15 per cent to Rs 29,155 per 10 grams in a turnover of 21 lots.
Analysts said a firm trend in the global market as the dollar weakened, boosting the appeal for the precious metal as an alternative investment, mainly influenced gold prices at the futures trade here.
Meanwhile, the yellow metal jumped 2.2 per cent to $1,261.10 an ounce in New York yesterday.