Gold rose Rs 122 to Rs 28,650 per ten grams at the futures trading today as speculators enlarged their positions, tracking a firm trend overseas.
Gold for delivery in far-month April rose Rs 122 or 0.43 per cent to Rs 28,650 per 10 grams in a business turnover of four lots.
Similarly, the metal for delivery in February was also trading higher by Rs 114 or 0.4 per cent to Rs 28,642 per 10 grams in 199 lots.
Analysts said speculators widened their bets tracking a firm global trend as dollar’s weakness boosted safe-haven demand.
Globally, gold inched up 0.22 per cent to $1,207.20 an ounce in Singapore.