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Gold prices were higher by Rs 61 to Rs 29,416 per 10 gram at the futures trade as speculators widened their bets taking positive cues from the global market.
At the Multi Commodity Exchange, gold for delivery in October was up by Rs 61 or 0.21 per cent at Rs 29,416 per 10 gram in a business turnover of 28 lots. The metal for delivery in far-month December also moved up by Rs 44 or 0.15 per cent to Rs 29,553 per 10 gram in a turnover of 516 lots.
Analysts said widening of positions by participants following a better trend in global market as weak dollar raised the demand for the precious metals as a safe-haven asset suppported the upside in gold futures.
Meanwhile, gold traded 0.35 per cent higher at $1,275.60 an ounce in Singapore.
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