Taking positive cues from the global market, gold prices edged higher by 0.06 per cent to Rs 30,920 per 10 gram in futures trade today as speculators raised their bets. At the Multi Commodity Exchange, gold for delivery in October moved up by Rs 17, or 0.06 per cent, to Rs 30,920 per 10 gram in a business turnover of one lot. Likewise, the yellow metal for delivery in August was trading higher by Rs 16, or 0.05 per cent, to Rs 30,633 per 10 gram in 258 lots.
Market analysts said, widening of positions by traders in sync with a firming global trend amid political uncertainty over Brexit and a subdued US dollar led to rise in gold prices in futures trade. Globally, gold rose by 0.08 per cent to USD 1,258.20 an ounce in Singapore.