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Gold prices rose Rs 86 to Rs 29,649 per 10 grams at the futures trade today as speculators raised their bets amid a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month June rose Rs 86 or 0.29 per cent to Rs 29,649 per 10 grams in a business turnover of 6 lots.
Similarly, the yellow metal for delivery in April was trading higher by Rs 76 or 0.26 per cent at Rs 29,385 per 10 grams in 268 lots.
Analysts said a firm trend in global markets, where the precious metal advanced further on sustained demand for safe-haven assets as financial markets were roiled by further volatility in equities and oil, influenced gold here.
Globally, gold surged 1.85 per cent to $1,230.70 an ounce in New York yesterday.
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