Gold futures up 0.28% on increased buying

Firm global trend pushed the price up

Gold futures rose by Rs 87 to Rs 31,129 per 10 grams today.

Sentiment bolstered after gold traded near a 2-week high overseas as expectations that policy makers around the world will continue to support their economies increased demand.

At the Multi Commodity Exchange, the February contract rose by Rs 87, or 0.28% to Rs 31,129 per 10 grams in 7,111 lots.

The April contract moved up by Rs 78, or 0.25% to Rs 31,690 per 10 grams in 634 lots.

Analysts said increased buying by speculators, firm global trend triggered the uptrend.

Meanwhile, gold rose 0.2% to $ 1,690.10 an ounce in Singapore.