Gold prices traded marginally higher by Rs 34 to Rs 31,174 per 10 grams in futures trade today as speculators enlarged positions on a firming spot market trend for the festive season.
Better trend in overseas markets also influenced the gold prices at futures trade.
At the Multi Commodity Exchange, gold for delivery in December rose by Rs 34, or 0.11 per cent, to Rs 31,174 per 10 grams, with a business turnover of 4,938 lots. Similarly, the metal for delivery in February moved up by Rs 32, or 0.10 per cent, to Rs 31,515 per 10 grams, with a business turnover of 133 lots.
Marketmen said speculators enlarged their positions after heavy buying in spot markets for the ongoing festive season amid a better global trend, which influenced the gold futures.
Meanwhile, gold rose by USD 1.60 to USD 1,749.90 an ounce in New York last night.
