Gold prices rose 0.49 per cent to Rs 29,650 per 10 gram at the futures trading today as speculators created fresh positions in line with a firm global trend.
On the Multi Commodity Exchange, gold for delivery in February rose Rs 145 or 0.49 per cent to Rs 29,650 per 10 gram in a business turnover of 22 lots. Similarly, the yellow metal for delivery in December edged up by Rs 25 or 0.42 per cent to Rs 29,918 per 10 gram in 827 lots.
Market analysts said fresh positions built up by speculators in tandem with a firm global trend as the biggest price drop in a month may have lured buyers mainly influenced gold prices at the futures trade.
Meanwhile, gold gained 0.3 per cent to $1,326.80 an ounce in Singapore.