Continuing its upward journey, gold prices rose by another Rs 260 to Rs 32,040 per 10 gram in futures trade today as participants created more bets amid a firm global trend.
At the Multi Commodity Exchange, gold for delivery in far-month October was trading higher by Rs 260 or 0.82 per cent to trade at Rs 32,040 per 10 gram in a business turnover 102 lots.
In a similar fashion, the yellow metal for delivery in August shot up by Rs 249 or 0.79 per cent to Rs 31,712 per 10 gm in 922 lots.
Analysts attributed persistent rise in gold prices at futures trade to a firming trend overseas where gold surged for a fourth day as investors sought precious metals as safe—haven assets.
Meanwhile, gold climbed 1.2 per cent to USD 1,357.63 an ounce in Singapore, near the highest level in over two years.