Gold price reclaims Rs 26,000-mark in futures trade

Business

oi-Staff

By Super

Published: Tuesday, June 10, 2014, 12:42 [IST]

New Delhi: Gold prices reclaimed Rs 26,000 level by rising Rs 26 to Rs 26,008 per 10 gram in futures trade Tuesday as speculators engaged in enlarging positions amid a better trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in October was up by Rs 57, or 0.22 percent, to Rs 26,133 per 10 gm in business turnover of 33 lots.

The metal for delivery in August contracts moved up by Rs 26, or 0.10 percent, to Rs 26,008 per 10 gm in a turnover of 509 lots. Check gold rates in your city here

Analysts said the rise in the gold prices was at futures trade was mostly in line with a firming trend overseas on speculation that price declines after a rally in equity markets may spur purchases.

Meanwhile, gold traded USD 2.13 higher at USD 1,254.47 an ounce in Singapore.

PTI