Gold prices rose by Rs 80 to Rs 28,966 per 10 grams in futures trade today as speculators enlarged their positions driven by a firming global trend.
At the Multi Commodity Exchange, December gold rose by Rs 80, or 0.28%, to Rs 28,966 per 10 grams, with a business turnover of 7,362 lots.
The February contract gained Rs 69, or 0.24%, to Rs 29,266 per 10 grams, with a trade volume of 524 lots.
Market analysts said trading sentiment bolstered after gold advance in global markets as a decline in the dollar after the appointment of new governments in Greece and Italy boosted demand for the metal as an alternative asset.
Meanwhile, gold gained 0.4% to $1,796.27 an ounce in Singapore.
