Gold goes up Rs 81 on positive global cues

Gold prices went up by Rs 81 at Rs 30,120 per 10 gram in futures trade today after speculators raised bets, driven by a firming global trend.

At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 81, or 0.27 per cent, to Rs 30,120 per 10 gram, in a business turnover of 597 lots.

The yellow metal for delivery in far-month December too was trading higher by Rs 66, or 0.22 per cent, to Rs 30,251 per 10 gram in 41 lots.

Analysts attributed the rise in gold prices at futures trade here to raising of bets by investors tracking a firming trend overseas where it recorded biggest intra-day rise of 1 per cent since September 7 on geopolitical tensions over the Korean peninsula.

Meanwhile, gold was trading 0.18 per cent higher at USD 1,312.60 an ounce in Singapore today.