New Delhi: Buoyed by a firm global trend, gold prices rose by 0.18 percent, to Rs 26,487 per 10 gm in futures trade on Friday as speculators enlarged their positions. At the Multi Commodity Exchange, gold for delivery in June rose by Rs 47, or, 0.18 percent, to Rs 26,487 per 10 gm in business turnover of 1,926 lots.
    
Similarly, the yellow metal for delivery in August traded higher by Rs 41, or 0.15 percent, to Rs 26,685 per 10 gm in 415 lots.
    
Analysts said a firming trend in the global markets after data showed China’s manufacturing contracted in May for the first time in seven months, boosting demand for metal as a protection of wealth, mainly led to rise in gold prices at futures trade.
    
Meanwhile, gold rose 0.30 percent to USD 1,394.80 an ounce in Singapore in morning trade on Friday.

(Agencies)

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