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Tracking a firm trend overseas, gold prices edged up by 0.17 per cent to Rs 30,952 per 10 grams at the futures trade as speculators built up fresh positions.
At the Multi Commodity Exchange, gold for delivery in June rose Rs 52 or 0.17 per cent to Rs 30,952 per ten grams in a business turnover of 445 lots. Similarly, the yellow metal for delivery in August was trading up by Rs 29 or 0.09 per cent at Rs 31,123 per ten grams in 13 lots.
Analysts said fresh positions by participants on the back of a firm trend in the global market influenced gold prices at the futures trade.
Gold prices touched their highest in a week early on Wednesday, as the dollar index hovered near two-week lows and investor jitters about a host of geopolitical tensions stoked demand for the safe-haven metal. Globally, gold rose 0.13 per cent to $1,340.90 an ounce in Singapore.
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