NEW DELHI: Gold prices rose by 0.36% to Rs 28,490 per ten gram in futures trading on Thursday as speculators created fresh positions, tracking a firming global trend.
At the Multi Commodity Exchange, gold for delivery in far-month June rose by Rs 101, or 0.36% to Rs 28,490 per ten gram in business turnover of 52 lots.
Similarly, the yellow metal for delivery in April gained Rs 80, or 0.28% to Rs 28,795 per ten gram in 1960 lots.
Analysts attributed the rise in gold prices at futures trade to a firming trend in the overseas markets on speculation that the US economic recovery may be stalling, boosted demand for the precious metal.Meanwhile, gold traded marginally higher at 1,257.96 dollar an ounce from 1,257.92 dollar yesterday in Singapore.
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