Gold is trading at Rs 31,728 per 10 grams as participants widened their bets even as metal weakened overseas.
\"The increase in auspicious wedding days during the quarter to 21 days from 8 in the same period of 2018 also played a crucial role in increase in demand,\" WGC managing director, India, said Somasundaram PR. (Representational Image)
New Delhi: Gold pries edged up by Rs 26 to Rs 31,728 per 10 grams at the futures market on Tuesday as participants widened their bets even as metal weakened overseas.
At the Multi Commodity Exchange, gold to be delivered in December up by Rs 26, or 0.08 per cent to trade at Rs 31,728 per 10 grams in a business turnover of 89 lots.
According to analysts, raising of bets by speculators at current levels mainly pushed up gold prices at futures trade here but a subdued trend overseas, limited the gains.
Globally, gold was trading lower by 0.15 per cent at USD 1,229.30 an ounce in Singapore.
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