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Gold prices edged higher by 0.11 per cent to Rs 30,438 per 10 grams at the futures trade as speculators raised bets amid a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in April rose Rs 33 or 0.11 per cent to Rs 30,438 per ten grams in a business turnover of 238 lots. Similarly, the yellow metal for delivery in June edged up by Rs 13 or 0.04 per cent to Rs 30,608 per ten grams in 2 lots.
Analysts said expanding of positions by participants in line with a firm trend in the global markets as concerns over trade tensions weighed on share markets influenced gold prices at the futures trade. Globally, gold rose 0.16 per cent to $1,326.30 an ounce in Singapore.
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