Gold futures rose by 0.38% to Rs 28,826 per 10 grams today, as speculators enlarged their positions on the back of a firming global trend.

At the Multi Commodity Exchange, the June contract for gold rose by Rs 108, or 0.38%, to Rs 28,826 per 10 grams, with a business turnover of 80 lots.

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Analysts attributed the rise to firming trends in overseas markets after agreement on a bailout package for Greece boosted prospects for raw materials use and political tension in West Asia increased demand for a safe haven.

Gold rose by 1.9%, the biggest jump since January 25, to $1,758.50 an ounce in New York in yesterday's trade.

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