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Gold price rise Rs 240, trade at Rs 58,830/ 10 gram

Gold was trading up today at Multi Commodity Exchange for October contracts. The precious was up 240 rupees at 58,830 rupees per 10 grams. Silver was also gained by 1,285 rupees to trade at 72,265 rupees per kilogram for December Contracts when reports last came in.
 
In the global markets, gold was trading up at 1,938 dollars and 70 cents per ounce at the New York Mercantile Exchange. Silver was also trading up at 23 dollars and 40 cents per ounce in the intra-day session.