New Delhi: Gold prices climbed 1.62 percent to Rs 26,383 per ten grams in futures trade on Thursday as speculators enlarged their positions, taking strong cues from overseas markets.
    
At the Multi Commodity Exchange, gold for delivery in June climbed by Rs 420, or 1.62 percent to Rs 26,383 per ten grams in business turnover of 20,805 lots.
    
Similarly, the yellow metal for delivery in August shot up by Rs 416, or 1.59 percent to Rs 26,160 per ten grams in 2,597 lots.
    
Market analysts attributed the sharp rise in gold futures to a firm global trend after data showed China’s manufacturing contracted in May for the first time in seven months, boosting haven demand as equities fell.

(Agencies)

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