At the Multi Commodity Exchange, gold for delivery in February, 2014 rose by Rs 228, or 0.79 percent, to Rs 29,000 per 10 grams, with a business turnover of 11 lots.
    
In a similar fashion, the metal for delivery in December contracts moved up by Rs 226, or 0.78 percent, to Rs 29,315 per 10 grams, with a trade volume of 666 lots.
    
Meanwhile, silver futures prices rose by 0.75 percent, to Rs 49,714 per kg, largely in tandem with a firming trend in precious metals in the global markets.

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 368, or 0.75 percent, to Rs 49,714 per kg in a business turnover of five lots.

Similarly, the white metal for delivery in December traded Rs 352, or 0.70 percent, higher at Rs 48,549 per kg in a turnover of 551 lots.

In the international market, silver traded a shade higher at USD 21.74 an ounce while gold rose by 0.60 percent to USD 1,319 an ounce in Singapore.

Market analysts said the rise in metals was mainly in line with a firming trend in overseas markets as a partial government shutdown entered a seventh day, spurring speculation that the political impasse may prompt the Federal Reserve to extend stimulus.

(Agencies)

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