Gold futures prices rose 0.79 per cent to Rs 29,000 per 10 gm today as speculators enlarged their positions on the back of a firm global trend.
On the Multi Commodity Exchange, gold for delivery in February 2014 rose Rs 228 or 0.79 per cent to Rs 29,000 per 10 grams with a business turnover of 11 lots.
In a similar fashion, the metal for delivery in December moved up by Rs 226 or 0.78 per cent to Rs 29,315 per 10 grams with a trade volume of 666 lots.
Market analysts said the rise in gold futures was mainly in line with a firm trend in overseas market as a partial government shutdown entered a seventh day, spurring speculation that the political impasse may prompt the Federal Reserve to extend stimulus.
Meanwhile, gold rose 0.6 per cent to $1,319 an ounce in Singapore today.