New Delhi: Gold prices were up by Rs 193 to Rs 29,850 per 10 gram in futures trade today as speculators created positions amid positive cues from the global market.
At the Multi Commodity Exchange, gold for delivery in February next year shot up by Rs 193, or 0.65 per cent, to Rs 29,850 per 10 gram, in a business turnover of one lot.
The metal for delivery in December was trading higher by Rs 167, or 0.56 per cent, to Rs 29,745 per 10 gram in a turnover of 372 lots.
According to analysts, a firming trend overseas where gold rebounded from the biggest weekly decline this year as investors piled into bullion-backed exchange-traded funds, lifting global holdings to the highest since 2013, and as the dollar fell for a second day, influenced the precious metal in futures trade.
Meanwhile, gold rose 0.46 per cent to USD 1,263.40 an ounce in Singapore today.
