Gold prices rose 0.3 per cent to Rs 28,974 per 10 grams at the futures trade today as speculators created fresh positions taking positive cues from the overseas market.
On the Multi Commodity Exchange, gold for delivery in June moved up by Rs 87 or 0.3 per cent to Rs 28,974 per 10 grams with a business turnover of 205 lots.
Similarly, the metal for delivery in far-month August moved up by Rs 78 or 0.28 per cent to Rs 28,340 per 10 gram with a trade volume of five lots.
Marketmen said increased positions built-up by speculators after the precious metal rallied to a three-week high in the global market, as the conflict between Russia and Ukraine increased safe haven demand, influenced gold futures here.
Globally, the white metal climbed 0.4 per cent to $1,312.67 an ounce in Singapore.