Continuing its upward march, gold rose by another 0.15 per cent to Rs 26,607 per 10 grammes in futures trade today as speculators widened positions, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in February 2016 was up by Rs 41 or 0.15 per cent to Rs 26,607 per 10 gm in a business turnover of four lots.
The metal for delivery in December moved up by Rs 25 or 0.09 per cent to Rs 26,408 in a turnover of 423 lots.
Market analysts said persistent rise in the precious metal in global markets where it traded at one-week high after bets shrank for a US rate rise this year, boosting the outlook for the metal which does not pay interest or give returns like other assets such as bonds and equities.
Globally, gold was trading higher at USD 1,136.50 an ounce in Singapore today from USD 1,135.75 yesterday's.
