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Gold futures prices today rose Rs 131 to Rs 28,632 per 10 grams, as speculators enlarged their positions on the back of pick-up in demand for the ongoing marriage season amid a firming global trend.
At the Multi Commodity Exchange, gold for delivery in June moved up by Rs 131 or 0.46 per cent to Rs 28,632 per 10 grams with a business turnover of 81 lots. In a similar fashion, April contract traded higher by Rs 115 or 0.41 per cent to Rs 28,291 per 10 grams in 3,815 lots.
Market analysts said increased buying by speculators following pick-up in demand due to ongoing marriage season amid a firming global trend mainly led to a rise in gold prices at the futures trade.
Meanwhile, the yellow metal rose 0.2 per cent to $1,736.78 an ounce in Singapore.
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