Gold futures gain Rs 50 to 25,920 per 10 gram

Gold was trading at USD 1,096.16 an ounce in Singapore.

PTI| Last Updated: Jan 12, 2016, 12:58 PM IST

New Delhi: Gold futures were up by Rs 50 to Rs 25,920 per 10 gram as speculators covered-up positions even as the metal eased in the global market.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 50 or 0.19 percent to Rs 25,920 per 10 gram in a business turnover of 546 lots.

The metal for delivery in far-month April contract rose Rs 22 or 0.08 percent at Rs 26,004 per 10 gram in a turnover of four lots. Analysts attributed the rise in gold prices to covering-up of positions by speculators but weakness in the precious metal overseas, capped the gains.

Meanwhile, gold was trading at USD 1,096.16 an ounce in Singapore.