New Delhi: Gold futures rose by Rs 72 to Rs 29,770 per 10 grams on Friday as speculators created fresh positions on the back of a firming trend overseas and rising demand in the domestic spot market.
    
At the Multi Commodity Exchange, gold for delivery in February rose by Rs 72, or 0.26 percent, to Rs 27,770 per 10 grams, with a business turnover of 1,436 lots.
    
In a similar fashion, the metal for delivery in far-month April gained Rs 68, or 0.24 percent, to Rs 28,074 per 10 grams, with a trading volume of 65 lots.
    
Market analysts attributed the rise in gold futures to a firming trend overseas on the back of higher equities as upbeat US economic data boosted the investor sentiment.
    
In addition, a pick-up in demand in the domestic spot market also supported the upside in gold prices, they said.     

Meanwhile, gold rose by 0.40 percent to USD 1,612.80 an ounce in Singapore.

Agencies