Gold prices surged Rs 280 to Rs 30,573 per 10 gram in futures trade today as speculators created positions amid positive global cues.
At the Multi Commodity Exchange, gold for delivery in April moved up by Rs 280, or 0.92 per cent, to Rs 30,573 per 10 grams in a business turnover of 1,272 lots.
The metal for delivery in far-month June was trading higher by Rs 250, or 0.82 per cent, to Rs 30,713 per 10 grams in a turnover of 29 lots.
Analysts said widening of bets by participants largely in sync with a firm trend overseas, as a slide in stock markets helped the precious metal claw back some lost ground after logging its biggest one-day loss in two months in the previous session, influenced gold futures.
Meanwhile, gold rose 0.22 per cent to USD 1,342 an ounce in Singapore.
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