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Gold prices rose 0.11 per cent to Rs 32,102 per 10 grams at the futures trade due to building up of fresh positions by participants despite weak global cues.
At the Multi Commodity Exchange, gold for delivery in December rose Rs 36, or 0.11 per cent, to Rs 32,102 per 10 grams in a business turnover of 126 lots. Gold for delivery in November also gained Rs 27, or 0.08 per cent, to quote at Rs 31,904 per ten grams in 447 lots.
Analysts said fresh positions created by traders mainly supported the upside in gold prices at the futures tradee but a weak global trend limited the gains. Globally, gold shed 0.07 per cent to $1,226.90 an ounce in Singapore.
Silver prices increased by Rs 19 to Rs 39,205 per kg at the futures trade. However, a weak trend overseas, limited the gains.
At the Multi Commodity Exchange, silver for delivery in November was trading higher by Rs 19 or 0.05 per cent ato Rs 39,205 per kg in a business turnover of 708 lots. Similarly, silver for delivery in December was trading higher by Rs 18 or 0.05 per cent at Rs 39,171 per kg in a business volume of 162 lots.
Analysts attributed the rise in silver prices at the futures trade to raising of bets by participants but a weak trend overseas kept the gains limited. Globally, silver shed 0.07 per cent to $14.75 an ounce in Singapore.
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