New Delhi: Extending its yesterday's gains, gold rose further to Rs 26,448 per 10 grams in futures trade Friday as participants engaged in enlarging positions on a firming trend overseas.
At the Multi Commodity Exchange, the metal for delivery in far-month October gained Rs 49, or 0.19 percent, to trade at Rs 26,448 per 10 grams in a turnover of four lots.
Similarly, the metal for delivery in August moved up by Rs 34, or 0.13 percent, to Rs 26,364 per 10 grams, clocking a business volume of 136 lots.
Analysts said the rise in global markets on concerns that a US recovery may stall and violence in Iraq will escalate boosted safe-haven demand and supported the rise in gold prices at futures trade here.
Globally, gold climbed 0.20 percent to USD 1,275.65 an ounce in Singapore today, the highest level since May 27.
