Gold prices recovered by Rs 22 to Rs 30,113 per 10 grams at the futures trade today as speculators raised their bets amid a firm global trend.
At the Multi Commodity Exchange, gold for delivery in February next year was trading higher by Rs 22 or 0.07 per cent at Rs 30,113 per 10 grams in a business turnover of 13 lots.
The yellow metal for delivery in December gained Rs 12 or 0.04 per cent to Rs 30,090 per 10 grams in 321 lots.
Market analysts attributed the rise in gold prices at the futures trade to positive global trend.
In the overseas market, gold fell the most in one month yesterday as investors shifted out of havens and into more bullish bets amid speculation that Hillary Clinton is closer to winning the US election.
Globally, gold was trading 0.10 per cent higher at $1,282.50 an ounce in Singapore.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.