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Gold prices were trading higher by Rs 28 to Rs 30,215 per 10 gram at the futures trade as participants built up fresh positions, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in April rose Rs 28 or 0.09 per cent to Rs 30,215 per 10 gram in a business turnover of 168 lots. Likewise, the yellow metal for delivery in June moved up by Rs 8 or 0.03 per cent to Rs 30,359 per 10 gram in 2 lots.
Analysts said fresh positions built up by traders in step with a firm trend overseas, as investors resorted to bargain hunting after the yellow metal’s sharp decline of over 1 per cent to its lowest in more than three weeks in the previous session, influenced gold futures.
Globally, gold rose 0.39 per cent to $1,328.80 an ounce in Singapore today.
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