NEW DELHI, Oct 29: Tracking a firming trend overseas and rising demand in domestic spot markets, gold futures prices rose by 0.46 per cent to Rs 30,439 per 10 gram today.
At the Multi Commodity Exchange, metal for delivery in far-month February next year gained Rs 138, or 0.46 per cent, to Rs 30,439 per ten gram in a turnover of 34 lots.
Similarly, the metal for delivery in December edged higher by Rs 112, or 0.36 per cent, to Rs 30,870 per 10 gram, clocking a business volume of 893 lots.
Analysts said the rise in gold prices was mostly attributed to a firming trend overseas after US economic data backed the case for the Federal Reserve to maintain stimulus, raising appeal for the precious metals, and ongoing festive and wedding season demand at domestic markets.
Globally, gold climbed 0.60 per cent to trade at five weeks high of USD 1,360.76 an ounce in Singapore today. (PTI)
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