NEW DELHI: Gold futures prices today rose by Rs 135 to Rs 30,066 per 10 grams as speculators enlarged their positions on the back of a rise in demand in the spot market amid a firm global trend.
At the Multi Commodity Exchange, gold for delivery in October rose by Rs 135, or 0.45 per cent to Rs 29,931 per 10 grams in a business turnover of 1,633 lots.
Similarly, the metal for delivery in August moved up by Rs 119, or 0.40 per cent, to Rs 29,687 per 10 grams in 6,478 lots.
Market analysts attributed the rise in gold futures prices to increased buying by speculators on the back of a rise in demand in the spot market in view of festive season.
They said firming global trend also supported the uptrend in gold.
Meanwhile, gold rose 0.3 per cent to USD 1,585.40 an ounce in Singapore.
The economic times news
www.marketfutureindia.com
At the Multi Commodity Exchange, gold for delivery in October rose by Rs 135, or 0.45 per cent to Rs 29,931 per 10 grams in a business turnover of 1,633 lots.
Similarly, the metal for delivery in August moved up by Rs 119, or 0.40 per cent, to Rs 29,687 per 10 grams in 6,478 lots.
Market analysts attributed the rise in gold futures prices to increased buying by speculators on the back of a rise in demand in the spot market in view of festive season.
They said firming global trend also supported the uptrend in gold.
Meanwhile, gold rose 0.3 per cent to USD 1,585.40 an ounce in Singapore.
The economic times news
www.marketfutureindia.com
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