Gold futures up on spot demand

Gold prices rose 0.08 percent at Rs 31,938 per 10 gram in futures trade on April 29 as traders raised bets amid positive cues from domestic markets.

Gold to be delivered by June contracts was trading higher by Rs 27, or 0.08 percent, at Rs 31,938 per 10 gram in a business turnover of 13,053 lots at the Multi Commodity Exchange.

Similarly, the metal for delivery in August contracts also gained Rs 10, or 0.03 percent, to Rs 32,090 per 10 gram in 3,614 lots.

Analysts attributed the rise in the precious metal to widening of positions by participants in line with a firm trend in the domestic markets.

Meanwhile, gold was trading a shade lower by 0.18 percent at $1,282.54 an ounce in Singapore.