Buoyed by a firm global trend, gold prices rose 0.18 per cent to Rs 26,487 per 10 gm at the futures trade today as speculators enlarged their positions.
At the Multi Commodity Exchange, gold for delivery in June rose Rs 47 or 0.18 per cent to Rs 26,487 per 10 gm in a business turnover of 1,926 lots.
Similarly, the yellow metal for delivery in August traded higher by Rs 41 or 0.15 per cent to Rs 26,685 per 10 gm in 415 lots.
Analysts said a firm trend prevailed in the global market after data showing China’s manufacturing output contracted in May for the first time in seven months, boosted the demand for precious metal as a protection of wealth.
The firm global trend mainly led to a rise in gold prices at the futures trade.
Meanwhile, the yellow metal rose 0.3 per cent to $1,394.80 an ounce in Singapore in early trade today.