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Gold prices were up by 0.11 per cent to Rs 31,784 per 10 grams at the futures trade due to creation of fresh positions by speculators owing to a firm global trend.
At the Multi Commodity Exchange, gold for delivery in December was up Rs 36, or 0.11 per cent, at Rs 31,784 per ten grams in a business turnover of 154 lots. The yellow metal for delivery in far-month February next year gained Rs 20, or 0.06 per cent, to Rs 32,021 per 10 grams in 10 lots.
Market analysts attributed the rise in gold prices at the futures trade to positive global cues. Meanwhile, gold was trading 0.25 per cent higher at $1,218.90 an ounce in Singapore.
Silver prices edged higher by Rs 37 to Rs 38,119 per kg at the futures trade as participants widened their bets, mirroring a firm trend in the global market.
At the Multi Commodity Exchange, silver to be delivered in November was trading up by Rs 37 or 0.10 per cent at Rs 38,119 per kg in a business turnover of 370 lots. Silver for December delivery was up by Rs 35 or 0.09 per cent at Rs 38,085 per kg in 221 lots.
Analysts said a firming trend overseas influenced prices at the futures trade. Globally, silver rose 0.49 per cent to Rs 14.39 an ounce in Singapore.
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