Taking positive cues from the global market and rising physical demand in spot markets at prevailing levels, gold continued its recovery, rising by nearly one per cent to Rs 26,069 per 10 gm in futures trade today.Besides, covering-up by speculators who had created huge short positions, also helped gold to trade higher at futures trade.
At the Multi Commodity Exchange, the most-active delivery in June contracts traded Rs 265, or 0.99 per cent, higher at Rs 26,069 per 10 gm in a turnover of 5,506 lots. Similarly, the metal for delivery in far-month August spurted by Rs 241, or 0.95 per cent to Rs 26,475 per 10 gm, clocking a business volume of 155 lots. At the spot markets, gold traded Rs 250 higher at Rs 26,600 per 10 gm in the national capital.
At the spot markets, gold reclaimed Rs 27,000 level with prices rising by a whopping Rs 500 to trade at Rs 27,100 per 10 gm.
At the spot markets, gold reclaimed Rs 27,000 level with prices rising by a whopping Rs 500 to trade at Rs 27,100 per 10 gm.
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