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Gold prices rose Rs 80 to Rs 31,054 per 10 grams at the futures trade due to widening of positions by speculators on firm global cues.
At the Multi Commodity Exchange, gold for delivery in August jumped Rs 80, or 0.26 per cent, to Rs 31,054 per 10 grams in a business turnover of five lots. Similarly, the metal for delivery in far-month October was trading higher by Rs 65 or 0.21 per cent at Rs 31,366 per 10 grams in five lots.
Market analysts said speculators widened their bets in sync with a firm global trend, supported by a weaker dollar as the trade spat between the United States and China intensified. Globally, gold climbed 0.37 per cent to $1,282.60 an ounce in Singapore.
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