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Gold prices rose Rs 173 to Rs 30,600 per ten gram at the futures trade as speculators raised their bets owing to a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 173 or 0.56 per cent at Rs 30,830 per ten gram in a business turnover of 23 lots. The yellow metal for delivery in October too gained Rs 164 or 0.54 per cent to Rs 30,600 per ten gram in 318 lots.
Market analysts attributed the rise in gold prices at the futures trade to raising of bets in sync with a firm trend in global markets. Meanwhile, gold was trading a shade higher by 0.09 per cent at $1,194.20 an ounce in Singapore.
Silver futures rose Rs 157 to Rs 37,150 per kg owing to a firm trend in global markets. December contract rose Rs 157 or 0.42 per cent to Rs 37,150 per kg in a business turnover of 290 lots at the Multi Commodity Exchange. The white metal for delivery in March next year was trading higher by Rs 152 or 0.40 per cent at Rs 37,942 per kg in one lot.
Marketmen said speculative buying driven by firm global trend led to a rise in silver prices at the futures trade. Silver was trading 0.21 per cent higher at $14.06 an ounce in Singapore.
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