Gold prices rose by Rs 126,or 0.40% to Rs 30,137 per 10 grams in futures trade today, extending previous gains as speculators engaged in building positions, tracking a firming global trend.
At the MCX, gold for delivery in August rose by Rs 126, or 0.40%, to Rs 30,098 per 10 grams in a business turnover of 1,900 lots.
The far-month October contract traded higher by Rs 112, or 0.35% to Rs 30,459 per 10 grams in 78 lots.
Analysts attributed gains in gold prices at futures trade to a firming trend overseas amid concerns that the European debt crisis was deepening even after finance ministers and central bank governors from the world's leading economies agreed to coordinate their response to the region's crisis, thus leading to safe haven demand for the
Meanwhile, gold in Singapore rose 0.7% to $1,627.93 an ounce.