Gold futures were trading 0.19 per cent higher at Rs 29,890 per 10 grams as traders raised bets amid positive cues from global markets.
Gold gained marginally for the second day by Rs 15 per 10 grams at the bullion market on mild demand from stockists and retailers even as the metal weakened overseas.
A global upward move and increased buying by local jewellers pushed up gold prices by Rs 225 to Rs 31,075 per 10 grams.
Gold prices rose 0.07 per cent to Rs 29,776 per 10 grams in futures trade today as speculators built up fresh positions, tracking a firm trend overseas.
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Gold prices recovered by Rs 20 to Rs 30,850 per 10 grams, tracking a better trend overseas amid fresh buying by jewellers.
Standard gold (99.5 purity) rose up by Rs 120 to settle at Rs 30,025 per 10 grams as against Thursday's closing level of Rs 29,905.
Spot gold has declined 0.5 percent so far this week, its worst week since early December.
Gold prices fell further by Rs 120 to Rs 30,830 per 10 grams at the local market here owing to weak demand from jewellers despite a firm trend in overseas markets.
Trading revenue was down significantly across the industry during the fourth quarter, wrapping up a year in which clients around the globe sat idle.
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Financial Express Reports
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