Gold rose Rs 103 to Rs 29,332 per 10 grams at the futures trade today as speculators raised their bets, taking positive cues from overseas markets.

Gold for delivery in far-month June rose Rs 103 or 0.35 per cent to Rs 29,332 per 10 grams in a business turnover of 350 lots.

Analysts said speculators widened their bets, tracking a firm global trend, as demand for the safe haven asset picked up due to geopolitical tensions.

Globally, gold surged 0.99 per cent to $1,286.60 in New York yesterday.