Gold rises on fresh buying support

However, firmness in rupee vs the dollar capped gains for the metal

Gold futures prices today rose by Rs 82 to Rs 29,750 per 10 grams as speculators created fresh positions on hopes a rise in demand in the spot market.

At the MCX, gold for delivery in June rose by Rs 82, or 0.28%, to Rs 29,750 per 10 grams in a business turnover of 56 lots.

The August moved up by Rs 56, or 0.19%, to Rs 29,974 per 10 grams in business turnover of 3,589 lots.

Market analysts said fresh buying by speculators on expectations of pick up in demand in the spot market mainly led to rise in gold prices at futures trade.