Gold prices recovered by Rs 136 to Rs 28,098 per 10 gm in futures trading today, as speculators created fresh positions after the precious metal rebounded in global markets.
At the MCX, the June delivery rose by Rs 136, or 0.49%, to Rs 28,098 per 10 gm in business turnover of 1,859 lots.
The August contract moved up by Rs 130, or 0.46%, to Rs 28,487 per 10 gm in 286 lots.
Market analysts attributed the rise in gold futures to a firming trend in the Asian region after Federal Reserve policymakers said more money easing may be needed and a retreat in dollar, raising demand for precious metals as an alternative investment.
Meanwhile, gold traded higher by 0.79% to $1,552.40 an ounce in Singapore.