Tracking a firm trend overseas, gold advanced for the second straight day and the prices rose further 0.27 per cent to Rs 28,605 per 10 grams at the futures trade today as speculators engaged in widening their bets.
At the Multi Commodity Exchange, gold for delivery in February rose Rs 76 or 0.27 per cent to Rs 28,605 per ten grams in a business turnover of 410 lots.
On similar lines, the metal for delivery in far-month April was trading higher by Rs 59 or 0.21 per cent at Rs 28,581 per ten grams in 7 lots.
Analysts said a firm trend in precious metals overseas as lingering concern over Donald Trump’s policies and the UK’s position in the European Union, buoyed the sentiment here.
Globally, gold rose 0.34 per cent to $1,206.70 an ounce in Singapore.