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Gold prices were higher by Rs 44 at Rs 30,866 per 10 grams at the futures trade as speculators created fresh positions owing to a firm global trend.
At the Multi Commodity Exchange, gold for delivery in December traded higher by Rs 44 or 0.14 per cent at Rs 30,866 per 10 grams in a business turnover of 43 lots. Gold for delivery in far-month February also rose by a similar margin to Rs 31,120 per 10 grams in 34 lots.
Marketmen attributed the recovery in gold prices at the futures trade to building up of fresh positions by speculators on the back of a firm trend in global market. In the overseas market, gold was trading 0.02 per cent higher at $1,211.80 an ounce in Singapore.
Silver prices rose Rs 117 to Rs 36,635 per kg at the futures trade as speculators raised their bets owing to a firm trend in global markets.
At the Multi Commodity Exchange, silver for November was trading higher by Rs 117 or 0.32 per cent at Rs 36,635 per kg in a business turnover of 395 lots. In a similar fashion, silver for December rose Rs 79 or 0.22 per cent to Rs 36,573 per kg with a business turnover of 75 lots.
Market analysts said fresh positions built up by speculators in line with a firm trend in global markets supported the upside in silver prices. In the international market, silver was trading higher by 0.42 per cent at $14.29 an ounce in Singapore.
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