Gold is trading at Rs 31,980 per 10 grams as speculators raised their bets amid positive global cues.
\"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 prices were up by Rs 86 to Rs 31,980 per 10 grams in futures trade on Tuesday as speculators raised their bets amid positive global cues.
At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 86, or 0.27 per cent, to Rs 31,980 per 10 grams in a business turnover of 475 lots.
The yellow metal for delivery in November month contracts gained Rs 85, or 0.27 per cent, to Rs 31,814 per 10 grams in 5,251 lots.
Market analysts attributed the rise in gold prices at futures trade to raising of bets by participants, in sync with a better trend in global market.
Meanwhile, gold was trading 0.16 per cent higher at USD 1,224.70 an ounce in Singapore.
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