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Gold prices rose by Rs 90 to Rs 28,277 per ten grams in futures trade today as participants engaged in enlarging positions largely in tune with a firming trend overseas.
At the Multi Commodity Exchange, the metal for delivery in far-month April gained Rs 90, or 0.28%, to trade at Rs 28,277 per 10 grams in a turnover of 110 lots.
Similarly, the metal for delivery in February moved up by Rs 80, or 0.28%, to Rs 28,165 per 10 grams, clocking a business volume of 2,072 lots.
Analysts said the rise in global markets where it surged to a five-month high, ahead of a meeting of European Central Bank policy makers, supported the rise in gold prices at futures trade here.
Besides, increased buying by jewellers at domestic bullion markets to meet wedding season demand also influenced the precious metal prices, they said.
In the national capital, gold prices rose by Rs 100 to Rs 28,180 per ten gram in yesterday's trade..
Globally, gold climbed 0.20% to $1,297.85 an ounce in Singapore today, the highest level since August 20.
