 "Gold futures recover 0.3% on global cues")
Gold prices recovered by Rs 70, or 0.27% to Rs 26,274 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market.
At the Multi Commodity Exchange (MCX), the August by Rs 70, or 0.27%, to Rs 26,274 per 10 gram in 98 lots.
The June contract moved up by Rs 69, or 0.26%, to Rs 26,157 per 10 gm in 738 lots.
Meanwhile, gold rose by 2.49% to $1,394.10 an ounce in New York in yesterday.
At the Multi Commodity Exchange (MCX), the August by Rs 70, or 0.27%, to Rs 26,274 per 10 gram in 98 lots.
The June contract moved up by Rs 69, or 0.26%, to Rs 26,157 per 10 gm in 738 lots.
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Analysts said a firming trend in global market after Moody's Investors Service said that the US may face a credit downgrade, mainly influenced gold prices at futures trade here.
Meanwhile, gold rose by 2.49% to $1,394.10 an ounce in New York in yesterday.