Gold futures prices today rose Rs 44 to Rs 28,202 per 10 grams, as speculators enlarged their positions largely in tune with a firming trend overseas amid ongoing marriage season demand.
At the Multi Commodity Exchange, gold for delivery in April moved up by Rs 44 or 0.16 per cent to Rs 28,202 per 10 grams with a business turnover of 3,412 lots. In a similar fashion, June contract traded higher by Rs 47 or 0.16 per cent to Rs 28,569 per 10 grams in 82 lots.
Market analysts attributed the rise in gold futures to a firming trend overseas after European leaders reached an agreement on a second Greek bailout, weakening the dollar and boosting the demand for precious metals as an alternative investment.
In addition, rising demand at the domestic market for the marriage season also supported the upside, they said.
Meanwhile, gold traded a shade higher at $1,735.82 an ounce in early trade in Singapore.