NEW DELHI: Gold prices moved up by 0.58 per cent, to Rs 28,310 per 10 gm in futures trade as speculators engaged in building up positions taking positive cues from the global market.
At the Multi Commodity Exchange, Gold for delivery in far- month October rose by Rs 163, or 0.58 per cent, to Rs 28,310 per 10 gm in business turnover of 273 lots.
The metal prices for delivery in August moved up by Rs 163, or 0.57 per cent, to Rs 28,115 per 10 gm in a turnover of 11,088 lots.
Analysts said a firming trend in global market as weak dollar raised demand for the precious metal as an alternative investment, influenced gold prices at futures trade here.
Meanwhile, gold rose 1.10 per cent to settle at USD 1,392 an ounce in New York in yesterday's trade.
