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Gold prices went up by Rs 241 to Rs 30,064 per 10 grams at the futures trade today after speculators raised their bets, tracking a firm global trend.
At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 241 or 0.81 per cent at Rs 30,064 per 10 grams in a business turnover of 804 lots. The yellow metal for delivery in far-month December too rallied by Rs 225 or 0.75 per cent to Rs 30,213 per 10 grams in 13 lots.
Analysts attributed the rise in gold prices at the futures trade here to a firm trend overseas where it hit 10-month high on escalating geopolitical tensions after North Korea’s latest nuclear test drove investors towards safe-haven assets.
Meanwhile, gold was trading 0.71 per cent higher at $1,333.80 an ounce in Singapore.
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