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Gold futures were trading 0.19 per cent higher at Rs 29,890 per 10 grams as participants raised bets owing to positive global cues.
At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 56 or 0.19 per cent at Rs 29,890 per 10 grams in a business turnover of 444 lots. Similarly, the metal for delivery in April was quoting higher by Rs 33 or 0.11 per cent at Rs 29,850 per 10 grams in 15 lots.
Analysts attributed the rise in gold prices at the futures market to a firm trend overseas as weak dollar raised the demand for the precious metal as a safe haven. Meanwhile, gold was trading 0.19 per cent higher at $1,335.60 an ounce in Singapore.
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