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Gold futures were trading higher by 0.36 per cent at Rs 31,408 per 10 grams due to creation of fresh positions by traders on positive global cues.
At the Multi Commodity Exchange, gold to be delivered for far-month February next year was trading higher by Rs 113 or 0.36 per cent at Rs 31,408 per 10 grams in a business turnover of 24 lots. Similarly, the metal for delivery in December gained Rs 106 or 0.34 per cent to Rs 31,122 per 10 grams in 268 lots.
Analysts attributed the rise in precious metal to widening of positions by participants in line with a firm trend overseas. Meanwhile, gold was trading 0.15 per cent higher at $1,211.30 an ounce in Singapore.
Silver futures were higher by 0.52 per cent at Rs 37,071 per kg as speculators built up fresh positions owing to positive global cues.
At the Multi Commodity Exchange, silver for delivery in December was up by Rs 191 or 0.52 per cent at Rs 37,071 per kg in a business turnover of 582 lots. Likewise, the white metal for November gained Rs 155 or 0.42 per cent to Rs 37,070 per kg in 1,131 lots.
Marketmen said fresh positions created by traders in tandem with a firm global trend influenced silver prices at the futures trade. Meanwhile, silver rose 0.11 per cent to $14.28 an ounce in Singapore.
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