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Gold prices rose Rs 112 to Rs 29,461 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 112, or 0.38 per cent, to Rs 29,461 per 10 gram, in a business turnover of 66 lots.
The yellow metal for delivery in far-month December, too, advanced by Rs 87, or 0.29 per cent, to Rs 29,665 per 10 gram in just one lot.
Analysts attributed the rise in gold prices at the futures trade to a firm trend overseas as hopes of easing trade tensions between the US and China exerted pressure on the dollar, adding to demand for the yellow metal as a safe-haven.
Meanwhile, gold was trading 0.05 per cent higher at $1,185.20 an ounce in Singapore.
Silver prices spurted Rs 191 to Rs 36,969 per kg at the futures trade owing to firm global cues. At the Multi Commodity Exchange, silver for delivery in September surged Rs 191 or 0.52 per cent to Rs 36,969 per kg in a business turnover of 390 lots.
The metal for delivery in December, too, was trading higher by Rs 169, or 0.45 per cent, at Rs 37,790 per kg in 6 lots.
Market analysts said participants built up positions owing to a firm global trend as hopes of easing trade tensions between the US and China exerted pressure on the dollar, adding to demand for precious metals.
Meanwhile, silver surged 0.2 per cent to $14.78 an ounce in Singapore.
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