At the Multi Commodity Exchange, gold for delivery in August contracts was quoting higher by Rs 134, or 0.48 per cent, at Rs 28,254 per 10 grams in a business turnover of 8,883 lots.
Similarly, the metal for delivery in far-month October traded higher by Rs 133, or 0.47 per cent to Rs 28,464 per 10 grams, in 596 lots.
Analysts attributed the rise in gold prices to a firming trend overseas where it strengthened as the dollar weakened, boosting demand for precious metals as a store of value.
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