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Gold prices edged up by 0.12 per cent to Rs 29,320 per 10 grams at the futures trade as speculators built up fresh positions owing to a firm global trend.
At the Multi Commodity Exchange, gold for delivery in April rose Rs 34 or 0.12 per cent to Rs 29,320 per ten grams in a business turnover of 51 lots. Similarly, the metal for delivery in February was also trading higher by Rs 24 or 0.08 per cent at Rs 29,348 per ten grams in 777 lots.
Analysts said speculators created fresh positions in tandem with a firm trend overseas, as dollar's weakness boosted safe haven demand. Globally, gold inched 0.06 per cent higher to $1,317.10 an ounce in Singapore.
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