Gold prices rose by Rs 43 to Rs 30,340 per 10 grams in futures trade today extending previous gains as speculators engaged in building positions, tracking a firming global trend.
Rising spot market demand for the upcoming wedding season too influenced gold futures prices.
At the MCX, gold for delivery in October rose by Rs 43, or 0.14%, to Rs 30,340 per 10 grams, with a business turnover of 278 lots.
The August contract traded higher by Rs 40, or 0.13%, to Rs 30,008 per 10 grams in 10,380 lots.
Analysts attributed gains in gold futures prices to a firming trend overseas as the dollar weakened, boosting demand for bullion as an alternative investment.
Besides, a firming trend on the domestic spot markets, where the precious metal soared to a new high also supported the upside, they said.
In the national capital, gold prices shot up by Rs 270 to trade at all-time high of Rs 30,420 per 10 grams.
Meanwhile, gold in London rose 0.2% to $1,613.29 an ounce.
