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Buoyed by a firm global trend and rising spot demand, gold prices rose by 0.61% to Rs 29,111 per 10 gm in futures trade today as speculators enlarged their positions.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 176, or 0.61%, to Rs 29,111 per 10 gm in a business turnover of 275 lots.
Similarly, the yellow metal for delivery in June traded higher by Rs 140, or 0.49%, to Rs 28,697 per 10 gm in 15 lots.
Analysts said a firming trend in the global markets as investors assessed further cuts to US monetary stimulus and Chinese buyers resumed purchases to extend last year's record consumption, influenced gold futures here.
Meanwhile in Singapore, gold rose 0.80% to $1,284.34 an ounce, the highest price since November.
