Gold prices went rose by Rs 104 to Rs 30,554 per 10 gram in futures trade Friday after speculators raised bets, driven by a firming global trend.
At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 104, or 0.34 per cent, to Rs 30,554 per 10 gram in a business turnover of 133 lots.
Analysts attributed the rise in gold prices in futures trade here to raising of bets by investors tracking a firming trend overseas as softer-than-expected US consumer prices data dimmed the case for a faster pace of policy tightening by the Federal Reserve.
Meanwhile, gold was trading 0.27 per cent higher at USD 1,204.20 an ounce in Singapore today.
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