Gold prices rose Rs 50 to Rs 29,459 per ten grams at the futures trade as speculators raised bets, tracking a firm trend overseas.
Gold for delivery in June jumped Rs 50 or 0.17 per cent to Rs 29,459 per 10 grams in a business turnover of 725 lots.
Analysts said widening of positions by speculators in step with a firm trend in global markets as continued geopolitical tensions boosted the metal’s appeal as a haven asset, influenced gold prices at the futures trade.
Globally, gold traded at $1,291.60 an ounce in Singapore.