Continuing its rising streak for the fourth straight day, gold prices rose further by 0.17 per cent to Rs 28,347 per 10 grams at the futures trading today as speculators engaged in widening in their bets, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in February month advanced by Rs 47 or 0.17 per cent to Rs 28,347 per ten grams in a business turnover of 341 lots.
On similar lines, the metal for delivery in far-month April was trading higher by Rs 42, or 0.15 per cent to Rs 28,357 per ten grams in 6 lots.
Analysts said, increasing of positions by participants on the back of a firm trend overseas, mainly kept gold prices higher at the futures trade.
Globally, gold rose 0.43 per cent to $1,196.20 an ounce in Singapore.