New Delhi, May 31 (PTI) Gold prices edged up by 0.13 per cent to Rs 31,075 per 10 grams in futures trade today as speculators built up fresh positions, taking positive cues from overseas markets. Also Read - Will Quit if Centre Brings Law Allowing Only One Member of Family in Politics: Mamata’s Nephew Abhishek Banerjee
At the Multi Commodity Exchange, gold for delivery in June month rose by Rs 40, or 0.13 per cent to Rs 31,075 per 10 grams in business turnover of 46 lots. Also Read - Cold Day in Capital: Delhi Records Lowest Maximum Temperature This Month at 15 Degrees Celsius
On similar lines, the yellow metal for delivery in far-month August contracts was trading higher by Rs 37, or 0.12 per cent to Rs 31,337 per 10 grams in 33 lots. Also Read - Check Haryana Authorities' Travel Advisory For Jan 25-27 in View of Farmers' Republic Day Tractor Rally
Analysts said fresh positions created by participants in line with a firm trend overseas as the dollar eased from 6-1/2 month highs hit earlier this week on a weaker-than-expected US economic data, influenced gold prices at futures trade here.
Globally, gold rose 0.11 per cent to USD 1,302.30 an ounce in Singapore.
This is published unedited from the PTI feed.