NEW DELHI, Oct 30: Gold futures traded a shade higher at Rs 30,206 per ten gram today as participants enlarged positions amid a firming trend overseas.
Besides, covering-up of short positions by speculators also supported the upside.
At the Multi Commodity Exchange, metal for delivery in December contract gained Rs 60, or 0.20 per cent, to trade higher at Rs 30,206 per 10 gram in a turnover of 708 lots.
Similarly, the metal for delivery in far-month February next year contracts moved up by Rs 45, or 0.15 per cent, to Rs 29,901 per 10 gram, clocking a business volume of 19 lots.
Analysts said rise in the global markets on expectations the US Federal Reserve will maintain its aggressive stimulus after a government shutdown hurt the economy, influenced gold prices at futures trade here.
Globally, gold gained 0.1 per cent to USD 1,344.50 an ounce in Singapore today. (PTI)
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