Continuing its upward march, gold prices rose by Rs 145 to Rs 28,950 per ten gram in futures trade today as participants indulged in raising their bets, ignoring a weak trend overseas.
In futures trading at the Multi Commodity Exchange, gold for delivery in June remained firm with prices rising by Rs 145, or 0.51 per cent, to Rs 28,950 per 10 grams in a business turnover of 1,801 lots.
The metal for delivery in far-month August too extended gains by Rs 129, or 0.45 per cent, to Rs 29,083 per 10 gram in a turnover of 27 lots.
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Analysts attributed the rise in gold prices in futures trade to raising of bets by participants.
Meanwhile, gold fell 0.18 per cent to USD 1,253.10 an ounce in Singapore.
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