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Gold prices rose Rs 106 to Rs 28,165 per 10 grams at the futures trade today as speculators enlarged their positions, taking positive cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in February rose Rs 106 or 0.38 per cent to Rs 28,165 per 10 grams with a business turnover of 5,087 lots. Similarly, April contract moved up by Rs 90 or 0.32 per cent to Rs 28,540 per 10 grams with an open interest of 5,950 lots.
Market analysts said increased buying by speculators on rising spot market demand for the marriage season along with a firming global trend, mainly pushed up gold futures prices.
Meanwhile, the yellow metal gained 0.3 per cent to $1,735.63 an ounce in Singapore.
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