New Delhi | Gold prices were trading up by Rs 85 to Rs 28,681 per 10 grams in futures trade today as speculators created positions amid positive cues from the global market.
At the Multi Commodity Exchange, gold for delivery in June moved up by Rs 85, or 0.30 per cent, to Rs 29,682 per 10 grams in a business turnover of 18 lots.
The metal for delivery in April was trading higher by Rs 84, or 0.29 per cent, to Rs 28,593 per 10 grams in a turnover of 400 lots.
Analysts said, a firming trend in global market amid weakening dollar raising the demand of the precious metal, influenced the precious metal in futures trade.
Meanwhile, gold rose 0.46 per cent to USD 1,234.40 an ounce in Singapore.