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Gold price regains Rs 26,000-level in futures trade

Gold prices in futures trade regained Rs 26,000-level by rising Rs 173 to Rs 26,154 per ten grams in first half of trade Tuesday as speculators enlarged their positions on the back of firming global trends.



Zee Media Bureau

New Delhi: Gold prices in futures trade regained Rs 26,000-level by rising Rs 173 to Rs 26,154 per ten grams in first half of trade Tuesday as speculators enlarged their positions on the back of firming global trends.

At the Multi Commodity Exchange (NCX), gold for delivery in August rose further by Rs 173 to Rs 26,154 per 10 grams.

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets on speculation the plunge to a 34-month low and the biggest quarterly drop on record will spur physical demand.

Meanwhile, gold rose by 2.60 percent to USD 1,255.70 an ounce in New York in yesterday's trade.

With PTI Inputs

From Zee News

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