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Gold futures on the Multi Commodity Exchange were trading lower by 0.13 per cent at Rs 26,833 per 10 grams at 1.31 p.m. on Friday.
August contract opened higher at Rs 26,886 against the previous close of Rs 26,869. It made a high of Rs 26,957 and low of Rs 26,808.
In Comex, the yellow metal for August delivery was up by $10 at $1,297 a troy ounce at 1.30 p.m.
New Delhi: Gold prices rose Rs 71 to Rs 26,940 per 10 gm at the futures trade as speculators created fresh positions after the precious metal rebounded from its lowest levels since September 2010 in the global market.
On the Multi Commodity Exchange, gold for delivery in August was up by Rs 71 or 0.26 per cent to Rs 26,940 per 10 gm in a business turnover of 2,908 lots.
Similarly, the metal for delivery in far-month October moved up by Rs 69 or 0.26 per cent to Rs 27,100 per 10 gm in a turnover of 19 lots.
Analysts said recovery in the global market, where the precious metal rebounded from its lowest level since September 2010 on speculation the slump may spur purchases, mainly helped gold to trade higher at the futures trade here.
Meanwhile, the yellow metal rose 0.7 per cent to $1,293.63 an ounce in Singapore. Earlier, it dropped to $1,269.46, the cheapest since September 16, 2010.
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