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Gold prices rose 0.62 per cent to Rs 28,318 per ten grams at the futures trade today as speculators indulged in creating fresh positions, supported by a firm global trend.
On the Multi Commodity Exchange, gold for delivery in April rose Rs 174 or 0.62 per cent to Rs 28,318 per ten grams in a business turnover of 76 lots.
Similarly, the yellow metal for delivery in February gained Rs 121 or 0.42 per cent to Rs 28,799 per ten grams in 2,544 lots.
Analysts said fresh positions created by speculators in tandem with a firm global trend on speculation the US Federal Reserve may decide at its meeting today to refrain from reduction in monetary stimulus, mainly boosted the sentiment.
Meanwhile, the yellow metal gained 0.4 per cent to $1,235.68 an ounce in Singapore.
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