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Gold prices went up by 0.31 per cent to Rs 30,642 per 10 grams at futures trade as speculators raised bets owing to positive global cues.
At the Multi Commodity Exchange, gold for delivery in June rose Rs 95 or 0.31 per cent to Rs 30,642 per ten grams in a business turnover of 917 lots. Likewise, the yellow metal for delivery in August was trading higher by Rs 92 or 0.30 per cent at Rs 30,801 per ten grams in 15 lots.
Analysts said widening of positions by participants in tandem with a firm trend overseas, as investors sought safer assets owing to concerns over escalating trade tensions between the US and China, influenced gold prices here at the futures trade.
Globally, gold rose 0.10 per cent to $1,327.50 an ounce in Singapore.
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