Gold futures traded a shade higher at Rs 30,206 per ten gram today as participants enlarged positions amid a firm trend overseas. Besides, covering-up of short positions by speculators also supported the upside.
On the Multi Commodity Exchange, the yellow metal for delivery in December gained Rs 60 or 0.2 per cent to trade higher at Rs 30,206 per 10 gram in a turnover of 708 lots.
Similarly, far-month February contracts moved up by Rs 45 or 0.15 per cent to Rs 29,901 per 10 gram, clocking a business volume of 19 lots.
Analysts said that a firm trend in the global market on expectations that the US Federal Reserve will maintain its aggressive stimulus after a government shutdown hurt the economy, influenced gold prices at the futures trade here.
Globally, gold gained 0.1 per cent to $1,344.50 an ounce in Singapore today.
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