However, weak investment demand weighed on the precious metal as holdings in the SPDR Gold Trust; the biggest bullion-backed exchange traded product dropped to the lowest level since December 2008 to 780.19 metric tons on Tuesday.
Gold futures for June 2014 contract, at MCX, is trading at Rs. 28,224 per 10 grams, up by 0.13 per cent, after opening at Rs. 28,245, against the previous closing price of Rs 28,186. It touched an intra-day high of Rs 28,277. (At 10:57 AM). Check gold rates here