Gold prices rose 0.36 per cent to Rs. 28,490 per ten gram at the futures trade today as speculators created fresh positions, tracking a firm global trend.
On the Multi Commodity Exchange, gold for delivery in far-month June rose Rs. 101 or 0.36 per cent to Rs. 28,490 per ten gram in a business turnover of 52 lots.
Similarly, the yellow metal for delivery in April gained Rs. 80 or 0.28 per cent to Rs. 28,795 per ten gram in 1,960 lots.
Analysts attributed the rise in gold prices at the futures trade to a firm trend in the overseas market on speculation that the US economic recovery may be stalling, boosted demand for the precious metal.
Meanwhile, gold traded marginally higher at $1,257.96 an ounce from $1,257.92 yesterday in Singapore.
