Gold prices rose by Rs 29 to Rs 20,975 per 10 grams in futures trade today as speculators enlarged their positions on the back of a firming global trend.
At the Multi Commodity Exchange, gold for August delivery rose by Rs 29, or 0.14 per cent, to Rs 20,975 per 10 grams, with an open interest for a single lot.
Likewise, futures contracts of the metal for April delivery moved up by Rs 22, or 0.11 per cent, to Rs 20,538 per 10 grams, with a business turnover of two lots.
Market analysts said speculators were enlarging their positions on the back of a firming global trend, which mainly led to the rise in gold futures prices.
Meanwhile, gold rose by $9 to $1,384.60 an ounce in New York last evening.
