Gold a shade higher in futures trade

Gold traded a shade higher at Rs 26,014 per ten gram in futures trade today as participants widened positions even as the precious metal weakened overseas.
At the Multi Commodity Exchange, gold for delivery in October month moved up by Rs 47, or 0.18 per cent to Rs 26,014 per ten grams in business turnover of 4,197 lots.
Likewise, the yellow metal for delivery in far-month December gained Rs 40, or 0.15 per cent at Rs 26,187 per ten gram in 172 lots.
Analysts said speculative positions built up by speculators, helped gold futures to trade marginally up in futures trade.

They said, however, a weak trend overseas where gold traded near a one-month low ahead of the US Federal Reserve's interest-rate decision later this week, capped the rise.
Meanwhile, gold retreated 0.3 per cent to USD 1,104.82 an ounce in London.