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Gold prices rose Rs 39 to Rs 30,832 per 10 gram at the futures trade as speculators raised their bets owing to a firm global trend.
At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 39 or 0.13 per cent at Rs 30,832 per 10 gram in a business turnover of 59 lots. The yellow metal for delivery in December too was up by Rs 36 or 0.12 per cent at Rs 31,056 per 10 gram in one lot.
Analysts attributed the rise in gold prices at the futures trade to a firm trend overseas as the dollar weakened despite another round of tit-for-tat tariffs in the China-US trade dispute. Meanwhile, gold was trading 0.33 per cent higher at $1,201.80 an ounce in Singapore.
Silver rose Rs 87 to Rs 37,525 per kg at the futures trade. At the Multi Commodity Exchange, silver for delivery in December gained Rs 87 or 0.23 per cent to Rs 37,525 per kg in a business turnover of 177 lots. The metal for delivery in March next year too was trading higher by Rs 83 or 0.22 per cent at Rs 37,557 per kg in 205 lots.
Market analysts said fresh positions created by participants owing to a firm global trend, as the dollar weakened despite another round of tit-for-tat tariffs in China-US trade dispute, influenced gold prices at the futures trade.
Meanwhile, silver surged 0.46 per cent to $14.19 an ounce in Singapore.
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