Gold prices up Rs 25 on positive global cues

Gold prices went up by Rs 25 at

Rs 30,260 per 10 gram in futures trade today after speculators raised bets, driven by a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 25, or 0.08 per cent, to Rs 30,260 per 10 gram, in a modest business turnover of one lot.

The yellow metal for delivery in October, too, was trading higher by Rs 21, or 0.07 per cent, to Rs 30,045 per 10 gram in 132 lots.

Analysts attributed the rise in gold prices at futures trade here to raising of bets by investors tracking a firming trend overseas where it recovered after falling as much as one per cent yesterday.

 

Meanwhile, gold was trading 0.26 per cent higher at USD 1,203.60 an ounce in Singapore today.