Snapping a two-day losing streak, gold prices recovered by Rs 32 to Rs 16,293 per ten gram in futures trading today as traders indulged in enlarging their positions on the back of firming global trend.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 32, or 0.20 per cent to Rs 16,293 per ten gram with an open interest of 14,173 lots.
The contract also moved up by Rs 31, or 0.19 per cent to Rs 16,377 per ten gram in 6,558 lots.
Market analysts said fresh buying by traders in tandem with firming global trend mainly led to recovery in gold prices at futures market.
Meanwhile, gold rose by $3.50 to $1,091 an ounce in New York last evening.