Gold moves up on speculative buying.

(From The Economic Times)

: Gold prices crawled up in Mumbai on Monday after a modest rise in international prices, which triggered fresh bout of speculative buying. In overseas market, the yellow metal was in demand again on the back of sliding dollar, which propelled some fund buying. Dealers said trading activity boosted on reports of a firming trend in the global markets as the dollar lost ground against the euro, boosting the precious metal's appeal as an alternative investment.

Gold prices are likely to rule higher in the coming days on fresh demand from traders in India and the Middle East due to the build up of the festival season, analysts said. …