Gold prices rose by 0.25 per cent to Rs 28,305 per 10 grams in futures trade today as speculators enlarged their positions, driven by pick up in demand in the spot market amid a firm global trend.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 70, or 0.25 per cent to Rs 28,305 per ten gram in business turnover of 254 lots.
Similarly, the metal for delivery in February traded higher by Rs 30 to Rs 28,892 per 10 grams in 5,641 lots.
Market analysts said speculators enlarged their positions, driven by pick up in demand in the spot market amid a firm global trend mainly led to rise in gold prices at futures trade.
Meanwhile, gold rose 0.5 per cent to USD 1,233.45 an ounce in London.
