Gold futures inched up by 0.13 per cent in early trade on the Multi Commodity Exchange on Monday on pick up in demand at existing lower levels amid a firming trend in physical trading for the ongoing marriage season. At 1145 hrs on the MCX, gold for the most-active October-month contract gained 0.13 per cent to Rs 14,330 per ten gram on, in trading of eight lots. Similarly, the metal for delivery in August traded higher by 0.10 per cent to Rs 14,314, clocking 160 lots. Traders said a pick-up in demand in the spot markets for the current marriage season, mainly led to the rise in gold prices.

Source