Tracking a firming trend overseas, gold prices rose by another 0.53 per cent to Rs 29,468 per 10 grams in futures trading today as speculators engaged in enlarging their positions.
At the Multi Commodity Exchange, gold for delivery in October rose by Rs 156, or 0.53 per cent to Rs 29,468 per ten grams in business turnover of 2 lots.
In a similar fashion, the yellow metal for delivery in August contracts was trading higher by Rs 138, or 0.47 per cent to Rs 29,355 per ten grams in 1,289 lots.
Market analysts said widening of positions by participants in tandem with a firming trend overseas mainly kept gold prices higher at futures trade.
Globally, gold rose 0.58 per cent to USD 1,286.70 an ounce in Singapore.
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