Gold futures prices rose 0.18 per cent to Rs 26,027 per 10 gm today as speculators enlarged their positions on the back of a firm global trend.
On the Multi Commodity Exchange, gold for delivery in August rose further by Rs 46 or 0.18 per cent to Rs 26,027 per 10 grams with a business turnover of 620 lots.
In a similar fashion, the metal for delivery in far-month October moved up by Rs 26 or 0.1 per cent to Rs 26,161 per 10 grams with a trade volume of 25 lots.
Market analysts said the rise in gold futures was mainly in line with a firm trend in overseas market on speculation the plunge to a 34-month low and the biggest quarterly drop on record will spur physical demand.
Meanwhile, gold rose 2.6 per cent to $1,255.70 an ounce in New York in yesterday’s trade.