Gold traded a shade higher at Rs. 26,014 per ten gram in futures trade on Monday 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.
Marginally higher trade
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 U.S. Federal Reserve’s interest-rate decision later this week, capped the rise.
Meanwhile, gold retreated 0.3 per cent to $1,104.82 an ounce in London.
