Gold prices rose Rs 207 to Rs 28,825 per ten grams at the futures trade today as speculators enlarged their positions, tracking a firm trend overseas.
Gold for delivery in April was trading higher by Rs 207 or 0.72 per cent at Rs 28,825 per 10 grams in a business turnover of 82 lots.
Similarly, the metal for delivery in February was also trading higher by Rs 194 or 0.68 per cent at Rs 28,819 per 10 grams in 515 lots.
Analysts said speculators widened their bets, tracking a firm global trend as the dollar’s weakness boosted the demand for the precious metals as a safe-haven.
Globally, gold inched up 0.50 per cent to $1,215.84 an ounce in Singapore.