 "Gold up 0.7% on global cues")
Continuing its rising streak for yet another session, gold rose by 0.11% to Rs 30,505 per 10 gm in futures trade today as participants engaged in enlarging positions supported by a firming trend overseas.
At the Multi Commodity Exchange, metal for delivery in April gained Rs 33, or 0.11%, to trade higher at Rs 30,505 per 10 gm in a turnover of 199 lots.
Similarly, the metal for delivery in June moved up by Rs 32, or 0.11%, to Rs 29,925 per 10 gm, clocking a business volume of 7 lots.
Analysts said sustained rise in the global markets as worsening tension between Ukraine and Russian raised safe-haven demand supported the rise in gold prices at futures trade here.
Besides, rising demand at current levels in the domestic spot market also influenced prices, they said.
Globally, gold climbed 0.60% to USD 1,374.69 an ounce in Singapore today, the highest level since September 19.
At the Multi Commodity Exchange, metal for delivery in April gained Rs 33, or 0.11%, to trade higher at Rs 30,505 per 10 gm in a turnover of 199 lots.
Similarly, the metal for delivery in June moved up by Rs 32, or 0.11%, to Rs 29,925 per 10 gm, clocking a business volume of 7 lots.
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At the spot markets, gold regained Rs 31,000 level by surging Rs 320 to Rs 31,020 per 10 gm in the national capital in yesterday's trade.
Analysts said sustained rise in the global markets as worsening tension between Ukraine and Russian raised safe-haven demand supported the rise in gold prices at futures trade here.
Besides, rising demand at current levels in the domestic spot market also influenced prices, they said.
Globally, gold climbed 0.60% to USD 1,374.69 an ounce in Singapore today, the highest level since September 19.