NEW DELHI: Tracking a firm trend in overseas markets, gold prices jumped by Rs 79 to Rs 20,330 per ten gram at the futures trade on Tuesday as speculators increased their positions.
Trading sentiment turned better after gold advanced in the global markets as weakness in the dollar increased the appeal of precious metals as alternative investment.
At the Multi Commodity Exchange counter, gold for June contract rose Rs 79 or 0.39 per cent to Rs 20,330 per 10 gram with a business turnover of just one lot.
Similarly, the metal for delivery in December gained Rs 22 or 0.12 per cent to Rs 19,713 per 10 gram with a business volume of three lots.
Marketmen said positions enlarged by speculators amid firming global trend led to rise in gold futures prices here.
Meanwhile, gold climbed 0.2 per cent to $1,355.90 an ounce in Asia. It reached an all-time high of $1,387.35 on October 14. — PTI
