Gold futures regain Rs 30,000 level on spot demand

Business turnover in MCX benchmark contract was at 386 lots

Gold prices rose by Rs 66 to Rs 30,025 per 10 grams in futures trade today as speculators created fresh positions, tracking a firming trend at spot market on pick up in demand in view of marriage season.

At the Multi Commodity Exchange, gold for delivery in October rose by Rs 66, or 0.22%, to Rs 30,025 per 10 grams, with a business turnover of 386 lots.

The August contract moved up by Rs 61, or 0.21%, to Rs 29,726 per 10 grams in 4,788 lots.

Market analysts said fresh buying by speculators on the back of a rise in demand in the spot market due to marriage season.