Gold prices rose by 0.24% to Rs 29,581 per 10 grams in futures trade today, as speculators created fresh positions after the precious metal soared to record high in the spot markets on the back of wedding season demand.
At the MCX, gold for delivery in August rose by Rs 71, or 0.24%, to Rs 29,581 per 10 grams in business turnover of 105 lots.
The June contract moved up by Rs 67, or 0.23%, to Rs 29,196 per 10 grams in 1,520 lots.
At the domestic market, gold traded at new high of Rs 29,690 per 10 grams Tuesday.
Market analysts attributed the persistent rise in gold prices at futures trade to a firming trend at spot markets where it climbed to record high driven by wedding season demand but a weakening trend in the global market, restricted the gains.
A weak rupee against the US dollar also supported the rise in dollar-quoted gold prices, they said.
The precious metal shed 0.23% to $1,658.40 an ounce in Singapore.
