At the Multi Commodity Exchange, gold for delivery in far-month June was trading sharply higher by Rs 420, or 1.50 per cent, at Rs 28,462 per 10 grams in a business turnover of 71 lots.
The metal for delivery in April was also trading higher by Rs 405, or 1.45 per cent, at Rs 28,390 in a turnover of 1,323 lots.
Analysts said the rise in global market prices despite the US Federal Reserve raising the benchmark interest rate by a quarter percentage point influenced the precious metal prices in futures trade here.