Gold prices rose Rs 54 to Rs 30,875 per 10 grams at the futures trade as speculators raised their bets, taking positive cues from global market. At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 54 or 0.18 per cent at Rs 30,875 per 10 grams in a business turnover of 198 lots.

Marketmen said the rise in gold prices at the futures trade was mostly attributed to a firm trend overseas, where it hit a near one-week peak, as investors sought cover from market turmoil after Britain’s long-awaited draft agreement to leave the European Union was thrown into chaos.

Globally, the gold was trading 0.15 per cent higher at $1,215.80 an ounce in Singapore.

Silver prices spurted Rs 187 to Rs 36,894 per kg at the futures trade as participants engaged in enlarging their positions, tracking a firm trend overseas. Besides, demand from local jewellers as well as retailers too supported the upside.

At the Multi Commodity Exchange, silver for delivery in November was trading higher by Rs 187 or 0.51 per cent at Rs 36,894 per kg in a business turnover of 1,043 lots. Also, silver for delivery in December gained Rs 179 or 0.49 per cent to Rs 36,870 per kg with a business turnover of 1,143 lots.

Market analysts said widening of bets by speculators in sync with a firm trend in global markets supported the upside in silver prices at the futures trade. In the international market, silver was up by 0.14 per cent at $14.39 an ounce in Singapore on Friday.

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