Gold climbs Rs 96 on positive global cues

Gold prices were up by Rs 96 to Rs 31,815 per 10 grams in futures trade today as speculators raised their bets amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in August was trading higher by Rs 96, or 0.30%, to Rs 31,815 per 10 grams in a business turnover of 701 lots.

The yellow metal for delivery in far-month October gained Rs 94, or 0.29%, to Rs 32,256 per 10 gm in 57 lots.

Market analysts attributed rise in gold prices at futures trade to positive global cues as the precious metal advanced for the eighth time in nine days.

Meanwhile, gold was trading higher at $1,365.41 an ounce in Singapore.