Gold prices went up by Rs 81 at Rs 30,120 per 10 gram in futures trade today after speculators raised bets, driven by a firming global trend. At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 81, or 0.27 per cent, to Rs 30,120 per 10 gram, in a business turnover of 597 lots. The yellow metal for delivery in far-month December too was trading higher by Rs 66, or 0.22 per cent, to Rs 30,251 per 10 gram in 41 lots.
Analysts attributed the rise in gold prices at futures trade here to raising of bets by investors tracking a firming trend overseas where it recorded biggest intra-day rise of 1 per cent since September 7 on geopolitical tensions over the Korean peninsula. Meanwhile, gold was trading 0.18 per cent higher at USD 1,312.60 an ounce in Singapore today. Silver rallied by Rs 257 to Rs 41,080 per kg in futures trade today as the metal gained in global markets amid geopolitical tensions. At the Multi Commodity Exchange, silver for delivery in March surged Rs 257, or 0.63 per cent, to Rs 41,080 per kg in a business turnover of 48 lots.
The metal for delivery in December too was trading higher by Rs 229, or 0.57 per cent, to Rs 40,505 per kg in 916 lots. Market analysts said participants built up positions amid a firm global trend amid growing tensions between the US and North Korea drove investors towards safe-haven assets, influenced gold prices at futures trade here. Meanwhile, silver surged 0.35 per cent to USD 17.22 an ounce in Singapore today.