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Gold prices edged up by 0.09 per cent to Rs 29,355 per 10 grams at the futures trade due to building up of fresh positions by speculators owing to firm global cues.
At the Multi Commodity Exchange, gold for delivery in October edged up by Rs 25 or 0.09 per cent to Rs 29,355 per ten grams in a business turnover of 796 lots. Similarly, the yellow metal for delivery in December contracts was up by Rs 10 or 0.03 per cent at Rs 29,552 per ten grams in 6 lots.
Market analysts said fresh positions were created by traders in sync with a firm global trend where gold prices edged higher as the dollar pulled further away from more than one-year highs. Globally, gold was trading higher by 0.12 per cent to $1,175.10 an ounce in Singapore.
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