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Gold prices rose 0.22 per cent to Rs 29,504 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in December was up by Rs 65 or 0.22 per cent at Rs 29,504 per 191 grams in a trading volume of 75 lots. The metal for delivery in far-month February moved up Rs 52 or 0.18 per cent to Rs 29,610 per 10 grams in a turnover of 11 lots.
Market analysts said rise in yellow metal prices at the global market as the dollar remained under pressure after minutes of the US Federal Reserve’s meeting revealed that some policymakers were concerned over lower inflation, influenced gold at futures trade here.
Meanwhile, gold edged up by 0.05 per cent to $1,291.30 an ounce in Singapore today.
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