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Gold prices rose Rs 80 to Rs 31,155 per 10 gram at the futures trade as speculators widened their bets, tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 80 or 0.26 per cent at Rs 31,155 per 10 gram in a business turnover of 13,299 lots. Similarly, gold for February delivery was up by Rs 75 or 0.24 per cent at Rs 31,150 per 10 gram with a business volume of 13,296 lots.
Analysts said raising of bets by participants, taking positive cues from global markets as the dollar might decline over renewed concerns of slowdown in economic growth, pushed up gold prices at the futures trade. In the international markets, gold prices were trading higher by 0.15 per cent at $1,244.4 5 per ounce.
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