Gold prices rose by Rs 53 to Rs 29,311 per ten grams in futures trade today as speculators enlarged positions, driven by a firming global trend.
At the Multi Commodity Exchange, gold for delivery in far-month February rose by Rs 53, or 0.18%, to Rs 29,311 per ten grams in business turnover of 48 lots.
Similarly, the metal for delivery in December traded higher by Rs 25, or 0.08%, to Rs 29,563 per ten grams in 2,312 lots.
Market analysts said speculators enlarged their positions on the back of a firming global trend, which led to rise in gold prices at futures trade.
Meanwhile, gold rose by 2.92% to $1,320.10 an ounce in New York last night.