At the Multi Commodity Exchange, gold for delivery in December moved up by Rs 43, or 0.16 percent, to Rs 27,765 per 10 grams in a business turnover of six lots.

Similarly, the yellow metal for delivery in far-month October traded higher by Rs 25, or 0.09 percent, to Rs 27,579 per 10 grams in 218 lots.

Analysts said a slightly better trend in the global markets after Tuesday's plunge supported the upside in gold prices at futures trade here.

Meanwhile in Singapore, gold traded higher at USD 1,266.15 an ounce from USD 1,265.40 on Tuesday.  

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