Gold prices rose by Rs 34 to Rs 30,859 per 10 gram in futures trading Thursday as speculators widened their bets, tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 34,or 0.11 per cent, to Rs 30,859 per 10 gram, in a business turnover of 676 lots.
Similarly, the February rates of the precious metal was up by Rs 23, or 0.07 per cent, at Rs 31,097 per 10 gram, with a business volume of 115 lots.
Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal as a safe-haven, mainly pushed up gold prices at futures trade here.
Globally, gold rose 0.11 per cent to trade at USD 1,228 an ounce in Singapore.
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