New Delhi: Gold futures prices rose by Rs.41 to Rs.29,937 per 10 grams as speculators enlarged their positions in tandem with a firm global trend.
At the Multi Commodity Exchange, gold for delivery in October rose by Rs 41, or 0.14 percent, to Rs.29,937 per 10 grams in business turnover of 4,031 lots.
Likewise, the metal for delivery in December edged up by Rs 39, or 0.13 percent, to Rs.30,275 per 10 grams in 133 lots.
Market analysts attributed the rise in gold futures to a firm global trend.
Meanwhile, gold gained 0.4 percent to $1,618.80 an ounce, the highest since July 31 in Singapore.
Last week, in London, silver rose by 0.5 percent to U.S. $28.02 an ounce. On the domestic front, silver ready rose by Rs.200 to Rs.53,500 per kg and weekly-based delivery by Rs.100 to Rs.53,370 per kg.
In the end of July, a divergent trend was seen on the bullion market as gold prices extended gains for the second straight day by adding Rs.100 to Rs.29,800 per 10 gm on festival demand while silver lacked necessary buying support and declined.
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