Gold futures rise to Rs. 29,286 per 10 gm

New Delhi-India (Nov 2)  Gold prices rose 0.22 per cent to Rs. 29,286 per 10 grams at the futures trade as participants created fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in December rose Rs. 65 or 0.22 per cent to Rs. 29,286 per 10 grams in a business turnover of 129 lots.

Analysts said fresh positions created by traders were in line with a firm global trend after the US Federal Reserve left the interest rates unchanged. Investors waited for an announcement on a new chair for the central bank.

Globally, gold rose 0.42 per cent to $1,279.60 an ounce in Singapore