Gold prices edged higher by 0.55% to Rs 25,882 per 10 grams in futures trade today, tracking a better trend overseas on physical buying at prevailing levels.
At the Multi Commodity Exchange, October gold moved up by Rs 142, or 0.55%, to Rs 25,882 per 10 grams, with a trading volume of 915 lots.
The December contract rose by Rs 123, or 0.47%, to Rs 26,134 per 10 grams, with a turnover of 412 lots.
Analysts attributed the rise in gold futures prices to a firming trend overseas, as the recent dip in prices of the precious metal below $1,600 an ounce boosted physical purchases and investors sought to protect their wealth from global uncertainty caused by the European debt crisis.
Meanwhile, spot gold prices rose by $6.20, or 0.38%, to $1,622.10 an ounce in the Asian region today.
