New Delhi, Oct 12 (PTI) Gold prices rose 0.49 per cent to Rs 29,853 per 10 grams in futures trade today as participants created fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 146, or 0.49 per cent, to Rs 29,853 per 10 grams, in a business turnover of 360 lots.

The yellow metal for delivery in February moved up by a similar margin to trade at Rs 29,950 per 10 grams in 2 lots.

Analysts said traders built up fresh positions in line with a firm global trend, which supported the upside in gold prices at futures trade here.

Globally, gold rose 0.26 per cent to USD 1,294.40 an ounce in Singapore.

This is published unedited from the PTI feed.