Gold futures edge up to Rs 30,953 per 10 gm

New Delhi-India (Mar 28)  Gold prices were up by 0.15 per cent at Rs 30,953 per 10 gram at the futures trade as speculators created positions, ignoring weak global cues.

At the Multi Commodity Exchange, gold for delivery in June was trading higher by Rs 45 or 0.15 per cent at Rs 30,953 per 10 gram in a business turnover 103 lots. The yellow metal for delivery in April gained Rs 31 or 0.10 per cent to Rs 30,730 per 10 gm in 387 lots.

Market analysts attributed the rise in gold prices at the futures trade to building up of positions by speculators, but a weak trend in precious metals overseas restricted the gains. Globally, gold shed 0.15 per cent to $1,342.50 an ounce in Singapore.

BusinessLine