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Gold price reclaims Rs 29,000 level in futures trade
At the Multi Commodity Exchange (MCX), gold for delivery in October rose by Rs 246, or 0.86 percent, to Rs 29,016 per 10 grams in a business turnover of 260 lots.
Similarly, the yellow metal for delivery in December moved up by Rs 212, or 0.74 percent, to Rs 28,950 per 10 grams in three lots.
Market analysts said speculators enlarged their positions on the back of a firming global trend as safe-haven demand increased on tension over Ukraine and unrest in the Middle East. This mainly led to rise in gold prices at futures trade.
Meanwhile, gold traded 0.30 percent higher at USD 1,316.91 an ounce in Singapore today, the highest since July 21.
PTI
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