Gold climbs Rs 222 on positive global cues

Gold prices were trading notably higher by Rs 222 at Rs 29,823 per 10 grams in futures trade today as speculators raised bets amid a firm global trend.
At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 222, or 0.75 per cent, to Rs 29,823 per 10 grams in a business turnover of 36 lots.
The yellow metal for delivery in October gained Rs 207, or 0.70 per cent, to Rs 29,710 per 10 grams in 938 lots.
Market analysts attributed the rise in gold prices at futures trade to a firming trend overseas where it rallied to the highest level this year after North Korea fired a ballistic missile over Japan, boosting demand for havens amid escalating tensions between Pyongyang and the US and its allies.

Meanwhile, gold was trading 0.90 per cent higher at USD 1,322.41 an ounce in Singapore, the highest intra-day since November 9 last year.