Gold rose by Rs 122 to Rs 29,075 per 10 grams in futures trade today as speculators enlarged their positions on the back of a firming global trend.
At the Multi Commodity Exchange, February gold rose by Rs 122, or 0.42%, to Rs 29,075 per 10 grams, with a business turnover of 12,607 lots.
In a similar fashion, the metal for delivery in April moved up by Rs 114, or 0.39%, to Rs 29,378 per 10 grams, with a trade volume of 218 lots.
Market analysts said increased buying by speculators and reports of a firming trend in overseas market mainly led to the rise in gold futures prices.
Meanwhile, gold rose by $1.48, or 0.1%, to $1,729.68 an ounce in London.
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