Gold futures rise 0.56 pc on firm global cues
Gold prices rose by Rs 173 to Rs 30,600 per ten gram in futures trade Monday as speculators raised their bets amid a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 173, or 0.56 per cent, at Rs 30,830 per ten gram in a business turnover of 23 lots.
The yellow metal for delivery in October too gained Rs 164 or 0.54 per cent to Rs 30,600 per ten gram in 318 lots.
Market analysts attributed the rise in gold prices at futures trade to raising of bets in sync with a firm trend in global markets.
Meanwhile, gold was trading a shade higher by 0.09 per cent at USD 1,194.20 an ounce in Singapore.
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