Zee Media Bureau
New Delhi: Gold prices rose further to Rs 30,330 per 10 grams in futures trading early Monday as speculators widened positions, tracking a firming trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in June was trading higher by Rs 59, or 0.19 percent, to Rs 30,325 per 10 grams.
Market analysts said speculators enlarged their positions on the back of a firming global trend as a gauge of the dollar touched an 11-month low after weaker-than-expected US economic growth cut prospects for higher interest rates, adding to the appeal of safe haven investment, influenced gold futures here.
Globally, gold climbed as much as 0.03 percent to USD 1,292.80 an ounce in Singapore.
With Agency Inputs