Gold prices recovered by Rs 60, or 0.33 per cent, to Rs 18,265 per ten gram in futures trading today, as speculators created fresh positions on hopes of pick up in spot market.
At the Multi Commodity Exchange counter, gold for October-month recovered by Rs 60, or 0.33 per cent, to Rs 18,265 per ten gram, with an open interest of 16,047 lots.
Similarly, the metal for delivery in December moved up by Rs 57, or 0.31 per cent, to Rs 18,350 per ten gram, with an open interest of 1,646 lots.
Marketmen said fresh positions created by speculators on hopes of pick up in demand in the spot market and firm trend in the global market led to a rise in gold prices.
Meanwhile, gold gained $2.60 to $1,203.80 an ounce in New York last evening.
