Gold prices rose 0.19 per cent to Rs 29,442 per 10 gram at the futures trade as participants created fresh positions, tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in August rose Rs 55 or 0.19 per cent to Rs 29,442 per 10 gram in a business turnover of 12,243 lots.
Likewise, the yellow metal for delivery in far-month October moved up by Rs 50 or 0.17 per cent to Rs 29,670 per 10 gram in 324 lots.
Analysts said fresh positions built up by traders in line with a firm global trend on hopes that the US Federal Reserve will delay rate hike, raising demand for the precious metals, influenced gold prices at the futures trade here.
Globally, gold rose 0.1 per cent to $1,244.70 an ounce in New York yesterday.