Gold futures up at Rs 30,260 per 10 gm

Mumbai-India (Aug 29)  Gold prices went up by Rs 25 to Rs 30,260 per 10 gram at the futures trade as speculators raised their bets owing to a firm global trend.

At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 25, or 0.08 per cent, at Rs 30,260 per 10 gram, in a business turnover of one lot. The yellow metal for delivery in October, too, was trading higher by Rs 21, or 0.07 per cent, at Rs 30,045 per 10 gram in 132 lots.

Analysts attributed the rise in gold prices at the futures trade to raising of bets by investors tracking a firming global trend. Meanwhile, gold was trading 0.26 per cent higher at $1,203.60 an ounce in Singapore.

BusinessLine