Gold recovers Rs 22 on positive global cues

Gold is trading at Rs 30,113 per 10 grams.

New Delhi:

Gold prices recovered by Rs 22 to Rs 30,113 per 10 grams in futures trade on November 8 as speculators raised their bets amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in February next year was trading higher by Rs 22 or 0.07 per cent to Rs 30,113 per 10 grams in a business turnover of 13 lots.

The yellow metal for delivery in December gained Rs 12 or 0.04 per cent to Rs 30,090 per 10 grams in 321 lots. Market analysts attributed the rise in gold prices at futures trade to positive global.

Meanwhile, gold in global market fell the most in one month in yesterday's trade as investors shifted out of havens and into more bullish bets amid speculation that Hillary Clinton is closer to winning the US election.

Globally, gold was trading 0.10 per cent higher at USD 1,282.50 an ounce in Singapore.