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Gold futures rose 0.38 per cent to Rs 28,826 per 10 grams today, as speculators enlarged their positions on the back of a firming global trend.
At the Multi Commodity Exchange, gold for delivery in June rose Rs 108 or 0.38 per cent to Rs 28,826 per 10 grams with a business turnover of 80 lots.
In a similar fashion, the metal for delivery in April moved up by Rs 105 or 0.37 per cent to Rs 28,485 per 10 grams with a trade volume of 2,225 lots.
Analysts attributed the rise to a firming trend in the overseas markets after an agreement on a bailout package for Greece boosted the prospects for raw materials’ use and political tension in West Asia increased the demand for a safe haven.
Gold rose 1.9 per cent, the biggest jump since January 25, to $1,758.50 an ounce in New York yesterday.
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