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Gold prices were up by Rs 121 to Rs 29,141 per 10 grams at the futures trade today as speculators raised their bets even as the precious metals weakened overseas.
At the Multi Commodity Exchange, gold for delivery in April moved up by Rs 121 or 0.42 per cent to Rs 29,141 per 10 grams in a business turnover of 675 lots.
The metal for delivery in far-month June was trading higher by Rs 115 or 0.4 per cent at Rs 29,164 per 10 grams in a turnover of 54 lots.
Analysts said widening of positions by participants mainly supported the upside in gold prices at the futures trade here but a weak trend overseas capped the gains.
Meanwhile, gold fell 0.11 per cent to $1,233 an ounce in Singapore.
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