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Gold prices rose 0.15 per cent to Rs 29,920 per 10 grams at the futures trade as participants raised their bets, tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in April gained Rs 46 or 0.15 per cent to Rs 29,920 per 10 grams in a business turnover of 29 lots. Likewise, the metal for delivery in February traded higher by Rs 33 or 0.11 per cent at Rs 29,944 per 10 grams in 29 lots.
Analysts said a firm trend overseas, where gold strengthened as the US dollar fell to a fresh three-year low boosting demand for a safe-haven, influenced the precious metal prices at the futures trade. Meanwhile, gold rose 0.59 per cent to $1,340.90 in New York yesterday.
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